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Prevas (PREV) investor relations material
Prevas Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 net turnover grew 3.3% to SEK 408.8M, driven by acquisitions, but profitability was impacted by SEK 6M restructuring costs, SEK 5M calendar effect, and lower utilization in a challenging market.
Adjusted EBITDA/EBITA margin for Q2 was 7.7%, with H1 2025 showing 4.6% turnover growth and 6.7% EBITDA/EBITA margin; management is dissatisfied with current margins.
Measures to improve profitability include personnel optimization, restructuring in several regions, and new leadership appointments.
Finland showed a continued positive earnings trend, with improved margins, strong order intake, and ongoing operational efficiency.
Strategic focus on defense, energy, and cybersecurity sectors, with growth and profitability in these areas despite market challenges.
Financial highlights
Q2 2025 net turnover: SEK 408.8M (up 3.3%); EBITA: SEK 20.7M (5.1% margin, down from 9.2%); adjusted EBITA: SEK 31.7M (7.7% margin).
H1 2025 net turnover: SEK 839.5M (up 4.6%); EBITA: SEK 56.3M (6.7% margin); adjusted EBITA: SEK 72.3M (8.5% margin).
Profit per share after dilution for Q2: SEK 0.73; profit after tax: SEK 9.7M.
Cash flow from operating activities in Q2: SEK 49.6M (down from SEK 63.1M); cash at quarter end: SEK 17M.
Net debt/EBITDA at 1.04x; equity ratio at 48.4%.
Outlook and guidance
Management expects a continued challenging and uncertain market in H2 2025, with flat development anticipated for Q3 and Q4.
Measures to strengthen profitability and optimize workforce are expected to yield improved margins in coming quarters.
Continued focus on growth in defense, energy, and cybersecurity sectors.
Finland expected to maintain positive earnings trend, with increased project deliveries and ongoing recruitment.
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