)

CAG Group (CAG) investor relations material
CAG Group Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 revenue declined 5.4% year-over-year to 213.7 MSEK, with stable margins and positive price trends offsetting fewer working days and a subsidiary closure.
H1 margin improved to 9.2% (from 8.8%), with revenue down 3.1% year-over-year; after-tax profit slightly decreased.
Defence segment demand remained strong, now representing 35% of revenues, with new assignments from key industry and public sector clients.
Recurring revenues increased to over 20% of total sales, driven by service contracts and managed services.
Workforce declined to 415–418 in Q2 from 443–444 last year, impacting revenue but not per-employee profitability.
Financial highlights
Q2 revenue: 213.7 MSEK (225.9–226 prior year), adjusted EBITA margin 8.4%, after-tax profit 12.0 MSEK.
H1 revenue: 444–444.1 MSEK (458–458.2 prior year), adjusted EBITA margin 9.2%, after-tax profit 25.5 MSEK.
Cash flow from operations: 30.1 MSEK in Q2, 44.7 MSEK in H1, both improved year-over-year.
Dividend payment of 4.10 SEK/share (up from 3.90 SEK/share) paid in Q2.
Net income Q2: 12.0 MSEK (11.9); EPS Q2: 1.68 SEK (1.67).
Outlook and guidance
Solid demand expected in Defence; general market activity anticipated to recover over the year.
New medium-term targets: 10% annual revenue growth (organic and via acquisitions) and adjusted EBITA margin above 10%.
Net debt should not exceed 1.5x adjusted EBITDA; dividend payout target is at least 50% of net profit.
Price and salary inflation returning to normal; M&A activity expected to improve compared to 2024.
Market recovery in e-commerce and new project starts remains slow; focus on cost control and strategic positioning.
Next CAG 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