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Norden Estates (NORDEN) investor relations material
Norden Estates Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved key milestones in commercial establishment, including first major project completion and new contracts, with a focus on energy-efficient and sustainable buildings.
Strategic investments in team, processes, and technology drove a planned negative result, supporting future growth.
Completed acquisition of Zustainment AB, strengthening control over the value chain and project execution.
Prepared for listing on Spotlight Market, with all documentation submitted and due diligence underway.
Financial highlights
Proforma net sales for H1 2025 reached SEK 11.7 million; reported net sales SEK 7.4 million.
Proforma operating result was SEK -2.75 million; reported operating result SEK -2.1 million.
Proforma net result was SEK -3.14 million; reported net result SEK -2.5 million.
Net result per share was SEK -0.10 for H1 2025.
Equity at period end was SEK 18.2 million.
Outlook and guidance
Aims to accelerate growth and expand internationally, with first steps in Germany and the UK.
Ongoing new share issue targets SEK 5 million to fund project starts and recruitment, expected to secure over 12 months of working capital post-listing.
Project pipeline totals approximately SEK 42 million, with additional projects in negotiation.
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