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HANZA (HANZA) investor relations material
HANZA Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net sales rose 24% year-over-year to SEK 1,516 million, driven by acquisitions and 3% organic growth.
Adjusted operating profit reached SEK 106 million, with margin improvement in core units and EPS up to SEK 1.13.
Acquisitions, notably Leden and Milectria, expanded capacity and expertise, especially in defense.
Market recovery underway, with volumes rising and customers signaling increased demand for late 2025.
Continued focus on operational efficiency, sustainability, and strategic expansion in key markets.
Financial highlights
Net sales increased by 24% year-over-year, with quarterly sales at SEK 1.5 billion and H1 sales up 15% to SEK 2,842 million.
Adjusted operating profit for H1 was SEK 203 million, margin at 7.1%; Q2 margin for comparable units at 7.8%.
Earnings per share rose to SEK 1.13 for Q2 and SEK 2.23 for H1.
Strong operating cash flow of SEK 163 million in Q2, with net debt/EBITDA at 2.1.
Equity ratio improved to 35% despite dividend payout.
Outlook and guidance
Expectation of increased order volumes and sales in H2 2025 as market conditions improve.
Profitability in recent acquisitions, especially Leden, anticipated to rise as capacity expansion completes.
LYNX program in defense sector expected to yield new contracts in fall 2025.
Financial targets for 2025 reiterated, with further strategic updates planned for year-end.
CapEx needs projected to remain low next year, barring significant volume increases.
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