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Scandinavian Medical Solutions (SMSMED) investor relations material

Scandinavian Medical Solutions H1 24/25 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 24/25 earnings summary19 May, 2025

Executive summary

  • Revenue grew 20% year-over-year to DKK 122.7 million, but results fell short of expectations due to geopolitical uncertainty and market volatility.

  • Strategic investments in the U.S. subsidiary and adaptation to changing customer behavior led to lower sales margins and increased capacity costs.

  • Leadership transition with new CEO and commercial director highlighted as key event.

  • Focus for H2 is on strengthening cash flow, improving operational efficiency, and building resilience.

  • Emphasis on risk management and scalable, improved processes.

Financial highlights

  • Revenue: DKK 122.7 million (H1 2024/25), up from DKK 102.6 million in H1 2023/24.

  • Gross margin declined to 19.7% from 25.9% year-over-year; gross profit fell 6.6% to DKK 24.2 million.

  • EBITDA: DKK 0.6 million, down from DKK 8.1 million in H1 2023/24.

  • Net loss: DKK -2.3 million, compared to net profit of DKK 2.6 million in H1 2023/24.

  • Free cash flow before financing: DKK -20.7 million (H1 2023/24: DKK -14.6 million).

Outlook and guidance

  • Revenue guidance for FY 2024/25 maintained at DKK 200–240 million; EBITDA guidance at DKK 11–15 million.

  • Management expects cost-saving measures to take effect at the start of the next financial year.

  • Ongoing momentum in commerce and market activity, with a strong pipeline for preset and trading.

  • Key focus areas: U.S. market expansion, cash flow improvement, and operational efficiency.

  • Continued investment in scalable processes and product mix improvements.

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H2 24/2520 Nov, 2025
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Frequently asked questions

Scandinavian Medical Solutions A/S is a Denmark-based company specializing in the provision of high-quality pre-owned medical imaging equipment. Established in 2008, the company focuses on offering a range of medical imaging equipment, including devices for MRI, mammography, X-ray, and more, to healthcare facilities worldwide. It is committed to enabling healthcare personnel and organizations to deliver better, more cost-effective healthcare services. Scandinavian Medical Solutions also provides innovative healthcare solutions, including unique and tailored rental solutions and parts services, thereby enhancing the accessibility and efficiency of medical imaging diagnostics. The company is headquartered in Denmark, and its shares are listed on the Copenhagen Stock Exchange.

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