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eEducation Albert (ALBERT) investor relations material
eEducation Albert Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
New CEO and CFO appointed in Q2, initiating a comprehensive transformation program and decisive actions for profitable growth.
Launched a SEK 25 million annual cost savings program, reducing headcount from 103 to 75, mainly in central and overlapping roles, incurring SEK 5.3 million in one-off restructuring costs.
Shifted to a decentralized model with each business unit responsible for its own P&L.
Maintained marketing and sales capacity to support commercial focus in core markets.
Annual recurring revenue from subscriptions grew 6% year-over-year to SEK 139.5 million, driven by B2C growth.
Financial highlights
Q2 net revenue was SEK 41.6 million, down 16% year-over-year, mainly due to weak US B2B sales.
Q2 EBITDA was minus SEK 10.5 million, including SEK 5.3 million in one-off restructuring costs; adjusted EBITDA was minus SEK 5.1 million.
Q2 EBITDA margin was minus 25%; adjusted margin was minus 12%.
Q2 net loss was SEK 24.2 million; EPS was minus SEK 0.96.
End of Q2 cash balance was SEK 34 million, down from SEK 65.3 million year-over-year.
Outlook and guidance
Full effect of cost savings expected in Q3, with a more positive EBITDA outlook.
Management targets positive EBITDA in 2025 and cash flow breakeven in 2026.
Sufficient cash runway is expected to reach breakeven, with ongoing evaluation of funding options.
Focus on strengthening B2C in the Nordics and selectively rebuilding B2B momentum.
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