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Kesla (KELAS) investor relations material
Kesla Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue declined 18.5% year-over-year to €19.3 million for H1 2025, with Q2 revenue down 15.2% to €10.9 million compared to the same quarter last year.
Operating result deteriorated to -€1.27 million for H1 and -€491 thousand for Q2, both negative versus prior year periods.
Order intake increased 16.8% in H1 to €21.5 million, but order backlog fell 14.6% to €9.1 million at period end.
EPS dropped to -€0.46 for H1 and -€0.19 for Q2, both down from positive results last year.
Company issued a profit warning in June, expecting full-year 2025 revenue and operating result to decline and remain negative.
Financial highlights
H1 operating cash flow was €125 thousand, down 89.9% year-over-year; Q2 operating cash flow improved to €354 thousand from -€422 thousand.
Gross investments in H1 were €46 thousand, a decrease of 88.5% year-over-year.
Net financial expenses remained stable at €324 thousand for H1.
Net debt reduced to €11.6 million, with gearing at 111.8% and equity ratio at 35.2%.
Export share of revenue was 51.7% in H1.
Outlook and guidance
Full-year 2025 revenue is expected to decrease significantly, with operating result to remain negative.
Market environment anticipated to remain challenging in H2 2025, with possible demand recovery if geopolitical uncertainty eases.
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