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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.
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Q2 2025 earnings summary17 Jul, 2025

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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Frequently asked questions

Prevas AB provides technical consultancy services. It offers development, consultation, and production in the areas of software and hardware; pre-study, prototyping, and product development in the areas of mechatronics; infrastructure and cloud services; thorough and project management within digital transformation; Web agencies that develop web portals and multimedia solutions. The company was founded in 1985 and is headquartered in Västerås, Sweden.

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