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TagMaster (TAGM) investor relations material
TagMaster Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net sales rose 23.6% to 127.2 MSEK in Q2 2025, with growth driven by the Quercus acquisition despite organic sales declining 0.8% year-over-year.
Adjusted EBITDA surged 87.7% to 21.8 MSEK, and operating profit increased to 9.6 MSEK from 2.5 MSEK, reflecting improved profitability.
A group-wide efficiency program was launched, incurring a one-time cost of ~4 MSEK, expected to yield annual cost savings of over 10 MSEK from Q4 2025.
The Quercus acquisition broadened the product offering, especially in parking and access digitalization, and contributed positively to profitability.
Financial highlights
Q2 2025 net sales: 127.2 MSEK (+23.6%); H1 2025 net sales: 227.2 MSEK (+12.5%).
Q2 adjusted EBITDA: 21.8 MSEK (margin 17.1%); H1 adjusted EBITDA: 19.7 MSEK (margin 8.7%).
Q2 operating profit: 9.6 MSEK (margin 7.5%); H1 operating loss: -1.6 MSEK (margin -0.7%).
Q2 net profit: 7.0 MSEK (EPS 0.48 SEK); H1 net loss: -0.6 MSEK (EPS -0.04 SEK).
Q2 cash flow from operations: -2.7 MSEK; H1: 11.5 MSEK.
Outlook and guidance
Management remains optimistic about long-term growth, focusing on cost control, operational efficiency, and expanding data-driven solutions.
The efficiency program is expected to deliver annual cost savings of over 10 MSEK from Q4 2025.
Ongoing global uncertainty, tariffs, and regulatory risks are expected to impact short-term demand, but long-term prospects remain strong.
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