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Elon (ELON) investor relations material
Elon Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net sales for Q2 2025 decreased by 4.6% year-over-year to 1,045.7 MSEK, mainly due to the wind-down of physical logistics operations in Kalmar, while B2C volumes grew by 9.1% and B2B and Solutions segments declined significantly.
EBIT for Q2 was -18.6 MSEK (1.0% margin last year), impacted by costs from acquired units, higher customer-related costs in Norway, and increased marketing and IT expenses.
Net result for Q2 was -26.9 MSEK, with EPS at -1.81 SEK (0.42 SEK last year).
For H1 2025, net sales were 2,178.4 MSEK (-1.0% YoY), with B2C up 12.5% and Solutions down due to logistics exit.
A new CEO and CFO were appointed, and a dividend of 1.25 SEK per share was approved.
Financial highlights
Q2 gross profit was 183.3 MSEK (17.5% margin, up from 17.0%), positively affected by reversal of warranty provisions and new acquisitions, but negatively by currency effects.
Operating cash flow for Q2 was 7.6 MSEK (54.8 MSEK last year); for H1, it was -126.6 MSEK, an improvement from -176.0 MSEK last year.
Net debt at quarter-end was 404.6 MSEK (273.0 MSEK last year), with cash and unused credit lines totaling 38.4 MSEK.
Investments in Q2 focused on digitalization, e-commerce, and Solutions, totaling 4.6 MSEK.
Outlook and guidance
The consumer market remains cautious but shows signs of improvement; B2C is expected to continue positive momentum.
The company plans to deepen market initiatives and strengthen profitability through continued investment in the store network.
The new IT & Solutions concept is under development and expected to drive future growth and margins.
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