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Doro (DORO) investor relations material
Doro Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales increased by 13.8% in Q3 2025 to SEK 247.7 million and by 13.1% for Jan–Sep 2025 to SEK 700.2 million compared to the same periods last year.
Gross margin improved to 51.4% in Q3 and 50.4% for Jan–Sep, driven by favorable product mix and currency effects.
Operating profit (EBIT) declined by 9.2% in Q3 and 10.0% for Jan–Sep, impacted by higher marketing and one-time costs.
Profit after tax for Jan–Sep was SEK 25.0 million, down from SEK 44.5 million year-over-year.
Order backlog at the end of Q3 was SEK 137.2 million, up 73.5% year-over-year.
Financial highlights
EBITDA for Q3 was SEK 37.3 million (down 7.9% year-over-year); Jan–Sep EBITDA was SEK 68.9 million (down 5.4%).
Free cash flow in Q3 was SEK -13.5 million, and for Jan–Sep SEK -55.2 million, mainly due to high inventory and working capital needs.
Equity/assets ratio stood at 56.8% at the end of Q3.
Earnings per share for Jan–Sep was SEK 1.03, down from SEK 1.83 year-over-year.
Outlook and guidance
Continued focus on expanding connectivity offerings and launching new product ranges, with expectations of recurring revenue streams.
Anticipates further commercial milestones in Q4 and ongoing adaptation to market and technology shifts.
- Sales up 12.3% year-over-year, but EBIT and cash flow declined amid strategic investments.DORO
Q2 2025 - Q3 sales fell 20.2% but gross margin and market share improved, with new launches ahead.DORO
Q3 2024 - Q2 margins and profits surged, with strong cash flow and a focus on higher-margin products.DORO
Q2 2024 - Sales growth and margin expansion offset by net loss and acquisition costs in Q1 2025.DORO
Q1 2025 - Profitability surged on higher margins and 4G leadership, with sales growth expected in 2025.DORO
Q4 2024
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