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Candles Scandinavia (CANDLE) investor relations material
Candles Scandinavia Q2 24/25 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 24/25 earnings summary4 Dec, 2025
Executive summary
Revenue for Q2 2025 (Aug–Oct) rose 126% year-over-year to 149.5 MSEK, mainly due to the HashtagYou acquisition.
EBITDA for Q2 was 8.4 MSEK, down from 11.0 MSEK last year, reflecting integration and transformation costs.
EBIT for Q2 was 2.0 MSEK, a sharp decline from 10.4 MSEK in Q2 2024.
Net result for Q2 was -7.6 MSEK, compared to 7.7 MSEK last year.
The HashtagYou acquisition is expected to add 250 MSEK in annual sales and 40–45 MSEK in annual profit contribution once fully integrated.
Financial highlights
H1 2025 (May–Oct) revenue doubled to 183.2 MSEK from 90.7 MSEK year-over-year.
H1 EBITDA was 3.6 MSEK (2.8 MSEK in H1 2024); EBIT was -4.8 MSEK (1.6 MSEK in H1 2024).
Net result for H1 was -14.5 MSEK, compared to -0.5 MSEK last year.
Cash flow from operations before working capital changes was -12.1 MSEK; cash at period end was 35.0 MSEK.
Equity ratio at period end was 37% (61% last year); return on equity -11% (was -1%).
Outlook and guidance
Management expects significant profitability growth in H2 2026 as HashtagYou production is moved in-house, driving higher margins and capacity.
The company is transitioning to a calendar fiscal year for improved comparability and planning.
Timeline for HashtagYou synergy realization
When will profitability improve post-acquisition?
Reason for significant inventory increase
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Next Candles Scandinavia earnings date
Q4 24/2511 Feb, 2026
Next Candles Scandinavia earnings date
Q4 24/2511 Feb, 2026
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Frequently asked questions
Candles Scandinavia AB is a leading manufacturer specializing in sustainable, plant-based wax candles. Founded in 2009, the company produces scented candles using rapeseed oil, which is sourced locally to ensure sustainability and environmental responsibility. In addition to candles, the company also manufactures reed diffusers. Candles Scandinavia operates a large-scale production facility that emphasizes high-quality standards through rigorous internal and external testing. The company offers private label solutions, tailoring the entire production process to meet the specific needs of various clients, including major brands, retail chains, and department stores across Scandinavia. Candles Scandinavia is headquartered in Örebro, Sweden, and its shares are listed on the Nasdaq Stockholm.
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