)

AQ Group (AQ) investor relations material
AQ Group 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 4% year-over-year to SEK 2,344 million, with organic growth at 0.3% and 8% from acquisitions, but below the 15% growth target.
Operating profit (EBIT) for Q2 decreased 2% to SEK 218 million, while profit after tax reached a record SEK 189 million, up 4%.
Cash flow from operating activities in Q2 was SEK 232 million, down from SEK 301 million, mainly due to increased accounts receivable.
The company maintains a strong net cash position of SEK 219 million, supporting future growth and acquisitions.
The group operates in 17 countries, serving over 4,000 customers across 15+ market segments.
Financial highlights
Q2 2025 EBIT margin before tax was 9.7%; profit after financial items increased 5% to SEK 228 million.
Earnings per share before dilution in Q2 was SEK 2.06, an all-time high.
For H1 2025, net sales rose 3% to SEK 4,634 million, with EBIT down 3% to SEK 433 million and profit after tax down 3% to SEK 355 million.
Cash flow from operations for H1 2025 was SEK 476 million; EPS before dilution was SEK 3.87.
Ten-year EPS CAGR stands at 14%, with a target to double EPS every five years.
Outlook and guidance
Organic growth is returning but remains below target; new customer ramp-ups expected in Q3.
Growth target remains above 15% and EBT margin above 8%; acquired growth in Q2 reached 8%, surpassing the 5% target.
Management expects sequential margin improvement as integration of recent acquisitions progresses.
Q3 is traditionally the most difficult to forecast due to seasonal effects; no significant growth expected in trucks.
Several acquisition targets are under negotiation, but pricing remains a challenge.
Next AQ Group 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