Kustom BidCo AB (publ) ("Kustom" or the "Company") hereby publishes its Annual Report for 2024. The report is available on the Company’s website: https://kustom.co/investors. As Kustom BidCo AB acquired all shares in Larkan Xll AB, known as Klarna Checkout, on 1 October 2024, the periods covered by the Annual Report and the Year-End Report, published on 28 February 2025, largely overlap. Below is a summary of the contents.
Kustom exceeds operational objectives and delivers financial results according to plan
Kustom BidCo AB group, including the fully owned subsidiary Kustom AB, is reporting a stable business performance with both revenue and profitability in line with expectations.
The strategic partnership with Stripe is progressing as planned, and the migration from Klarna to Kustom’s upgraded platform is ahead of schedule.
Net revenue amounted to SEK 378.0m, the operating profit reached SEK 86.9m. The annual net profit amounted to SEK 0.7m due to financing costs.
On 1 October 2024, Kustom BidCo AB acquired all shares in Larkan Xll AB, commonly known as Klarna Checkout, now Kustom AB. Since then, the company has undergone a significant transformation to establish itself as a merchant-first, standalone leader in checkout solutions.
Sustained business growth and merchant acquisition
Kustom’s business growth was in line with expectations, with steady progress across all key areas. Merchant acquisition is proceeding as planned, with nearly 600 new transacting merchants onboarded during the year, along with several enterprise contract renewals such as Apotea, First Camp, Dormy and Best of Brands.
Kustom has maintained a strong focus on the carve-out and build-up process, ensuring a seamless merchant transition to an upgraded technical platform, organizational expansion, strengthening customer support capabilities, and merchant relations.
For further information, please contact:
investors@kustom.co
Press inquiries:
press@kustom.co
This information is such information that Kustom BidCo AB (publ) is obliged to make public pursuant to the EU’s Market Abuse Regulation (596/2014/EU). This information was submitted for publication, through the agency of the contact persons above, on April 29th, 2025, at 08:00 CET.
Kustom Bidco AB (publ) is the parent company of Kustom AB. Kustom is a fintech company offering one of Europe’s leading checkout solutions. With the most efficient and customizable product on the market, we help merchants tailor their checkout to fit their shoppers’ needs. By gathering innovative and scalable features, Kustom ensures high conversion rates and drives repeat purchases. Today, Kustom has 24,000 connected merchants with sales in over 170 countries.