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Hedera Group
Hedera Group (HEGR) investor relations material
Hedera Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary25 Feb, 2026
Executive summary
Net sales for Q4 2025 were 125.3 MSEK, down 4.3% year-over-year; full-year net sales were 516.3 MSEK, down 6.7% from 2024.
Adjusted EBITDA for Q4 was -1.1 MSEK (-0.9% margin); full-year adjusted EBITDA was 4.2 MSEK (0.8% margin), both impacted by lower sales and one-time CEO transition costs.
Strategic focus on efficiency, automation, and sales initiatives aimed at improving profitability and growth prospects.
No dividend proposed for 2025.
Financial highlights
Q4 EBITDA was -1.5 MSEK; adjusted for one-offs, -1.1 MSEK. Full-year EBITDA was -1.3 MSEK; adjusted, 4.2 MSEK.
Q4 operating result was -2.9 MSEK; full-year operating result was -7.5 MSEK. Adjusted operating result for the year was -1.9 MSEK.
Cash flow for Q4 was -1.4 MSEK; full-year cash flow was -1.7 MSEK, improved from -6.7 MSEK in 2024.
Net debt at year-end was 14.5 MSEK (down from 24.5 MSEK), with net debt/EBITDA at 3.5x.
Equity ratio improved to 44% (from 41%).
Outlook and guidance
Positive start to 2026, with improved sales momentum and efficiency measures expected to support profitability and growth.
Strategic investments in automation and AI to drive scalability and competitiveness.
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Next Hedera Group earnings date
Q1 20266 May, 2026
Hedera Group
Next Hedera Group earnings date
Q1 20266 May, 2026
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Frequently asked questions
Hedera Group AB is a Sweden-based holding company primarily engaged in the recruitment services sector. The company focuses on staffing and recruitment for the healthcare industry, operating through its subsidiaries. These subsidiaries include LakarResurs FA Rekryt AB, which provides staffing for doctors, and Svensk Läkartjänst LIL AB, offering staffing services for public and private healthcare providers. Another subsidiary, Pridoc Bemanning AB, specializes in the recruitment of medical personnel, particularly in primary care and psychiatry. Hedera Group’s services are aimed at various healthcare professionals including doctors, nurses, occupational therapists, midwives, sociologists, psychologists, and physiotherapists. The company is headquartered in Stockholm, Sweden, and its shares are listed on the Nasdaq Stockholm.
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