Nilsson Special Vehicles
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Nilsson Special Vehicles (NILS) investor relations material

Nilsson Special Vehicles Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary26 Feb, 2026

Executive summary

  • Achieved positive EBITDA and net profit for 2025 despite a 23% revenue decline year-over-year, reflecting successful cost reductions and structural changes.

  • Prioritized profitability over volume, focusing on margin improvement, cost control, and cash flow.

  • Continued investments in automation, digitalization, and the development of the fully electric Nilsson ES90 hearse.

Financial highlights

  • Net revenue for 2025 was 172,404 KSEK, down 23% from 223,031 KSEK in 2024.

  • EBITDA improved to 3,117 KSEK from -1,252 KSEK year-over-year.

  • Net profit after tax was 2,209 KSEK, compared to a loss of -5,029 KSEK in 2024.

  • Operating cash flow was 6,491 KSEK, up from -5,753 KSEK the previous year.

  • Order intake and backlog both declined significantly year-over-year.

Outlook and guidance

  • Management expects continued positive development, supported by a stronger financial position and ongoing strategic initiatives.

  • No dividend proposed for 2025.

Outlook for margin growth despite order decline
Evaluate ES90 electric hearse market impact
Assess the sustainability of the new cost structure
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Q1 202629 Apr, 2026
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Frequently asked questions

Nilsson Special Vehicles AB is a Swedish company specializing in the production and sale of special vehicles. The company's main products include ambulances, limousines, hearses, and other emergency vehicles. Nilsson serves markets primarily in Europe, including Scandinavia and England, as well as regions in the Middle East, Africa, and Asia. Founded in 1945, the company has a long history of manufacturing special vehicles based on Volvo models. The company is headquartered in Laholm, Sweden, and its shares are listed on the Stockholm Stock Exchange. The company is headquartered in Laholm, Sweden, and its shares are listed on the Stockholm Stock Exchange.

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