)

Apoteket (A) investor relations material
Apoteket Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net sales for Q2 2025 increased by 3.7% year-over-year to SEK 6,683 million, with stable in-store sales and continued e-commerce growth, but lower demand in some categories due to a cold spring and economic volatility.
Operating profit for Q2 was SEK 163 million, down from SEK 210 million last year, mainly due to the end of a major dose packaging contract and weaker seasonal product sales.
The company is preparing for several significant new contracts in healthcare and defense supply, expected to strengthen its market position in the coming quarters.
Financial highlights
Q2 2025 net sales: SEK 6,683 million (Q2 2024: SEK 6,443 million); H1 2025: SEK 13,107 million (H1 2024: SEK 12,537 million).
Q2 operating profit: SEK 163 million (Q2 2024: SEK 210 million); H1: SEK 282 million (H1 2024: SEK 335 million).
Q2 net income: SEK 183 million (Q2 2024: SEK 216 million); H1: SEK 334 million (H1 2024: SEK 363 million).
Operating cash flow H1: SEK 737 million (H1 2024: SEK 806 million); period-end cash: SEK 1,193 million (Q2 2024: SEK 1,910 million).
Ordinary dividend of SEK 335 million and extra dividend of SEK 1,000 million paid in Q2.
Outlook and guidance
Several major contracts in healthcare and defense logistics will commence in Q3, expected to reinforce the company’s role as a key partner to public sector clients.
Management notes a clear recovery and strong growth at the end of Q2, despite ongoing market uncertainty.
Long-term financial targets: operating margin of 3.0% and equity ratio of 35–45%.
Next Apoteket earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage