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Doro (DORO) investor relations material

Doro Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary15 Aug, 2025

Executive summary

  • Net sales increased by 12.3% year-over-year in Q2 2025 to SEK 232.2 million, driven by strong performance in the Nordics and UK/Ireland.

  • Gross margin improved to 46.4% from 44.6% in Q2 2024, aided by inventory management and end-of-life product sales.

  • EBITDA declined 25% year-over-year to SEK 15.3 million, with EBIT down 24.6% to SEK 9.5 million, impacted by investments in connectivity and restructuring costs.

  • Profit after tax fell to SEK 6.3 million from SEK 14.2 million, with EPS at SEK 0.26 versus SEK 0.58 in Q2 2024.

  • Launched Aurora smartphone series and Doro Connect subscriptions, marking a strategic shift toward recurring revenue.

Financial highlights

  • Q2 2025 net sales: SEK 232.2 million (+12.3% year-over-year); H1 2025: SEK 452.5 million (+12.8%).

  • Gross margin: 46.4% in Q2 (up from 44.6%); H1: 49.8% (up from 43.3%).

  • EBITDA: SEK 15.3 million in Q2 (-25% year-over-year); H1: SEK 31.6 million (-2.2%).

  • EBIT: SEK 9.5 million in Q2 (-24.6%); H1: SEK 13.9 million (-11.5%).

  • Free cash flow: SEK -26.7 million in Q2 (down from SEK 31.7 million); H1: SEK -41.7 million.

  • Order backlog at quarter-end: SEK 102.3 million (+40.5% year-over-year).

Outlook and guidance

  • Focus on expanding smartphone and connectivity offerings, with Aurora and Doro Connect launches expected to drive recurring revenue.

  • Continued rollout of new products and services planned for the remainder of 2025.

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Frequently asked questions

Doro AB is a Swedish company that develops products and services for seniors. Doro creates easy-to-use mobile phones and phone applications that are intuitive, convenient to use, and above all simple. The company offers cordless telephones and fixed line phones under the Doro brand; mobile phone and smartphone products in North America through partners; and service solutions, such as emergency response alarms, emergency alert systems, medication reminder systems, and home care products on a subscription basis to residential care homes worldwide. Doro AB was founded in 1974 and is headquartered in Malmö, Sweden.

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