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Wall to Wall Group (WTW-A) investor relations material
Wall to Wall Group Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary15 Aug, 2025
Executive summary
Adjusted EBITA margin improved to 5.1% from 3.5% year-over-year, driven by lower indirect costs and production efficiency in relining, despite a 12–12.8% revenue decline.
Full-year outlook remains unchanged, with significant adjusted EBITA improvement expected in 2025 from market recovery and cost actions.
Major framework agreements worth SEK 60 million were secured, and acquisitions strengthened the energy and flushing segments.
Transformation efforts, including cost reductions and organizational consolidation, are yielding tangible results.
Unified brand and sales initiatives are advancing.
Financial highlights
Q2 2025 net revenue was 212.6 MSEK, down from 243.8 MSEK in Q2 2024; adjusted EBITA for Q2 2025 was 10.9 MSEK, up from 8.4 MSEK year-over-year.
Adjusted EBITDA margin rose to 12.1% from 9.8% year-over-year.
Gross margin increased by 1.5 percentage points to 33.7% in the quarter.
Cash position at quarter-end was 68.8 MSEK; financial net debt stood at 253.5 MSEK.
Operating profit (EBIT) for Q2 was SEK -38.1 million, impacted by SEK 43.2 million in non-recurring items.
Outlook and guidance
Profitability is expected to improve further in H2 2025, supported by market recovery and ongoing cost reductions.
Indirect cost target of 180 MSEK is on track for achievement by year-end 2025.
The company remains ready to pursue further acquisitions and expects a more scalable, efficient organization.
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Next Wall to Wall Group earnings date
Q3 20257 Nov, 2025
Next Wall to Wall Group earnings date
Q3 20257 Nov, 2025
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Frequently asked questions
Wall to Wall Group AB is a Sweden-based company specializing in pipe collection, flushing, inspection, maintenance, and sealing of ventilation ducts. The company, operating under the subsidiary Spolargruppen, also offers complementary services such as geothermal solutions for apartment buildings. Their clientele includes property owners, mainly commercial managers of residential and non-residential premises, public housing, and tenant-owner associations. The company's operations are spread across Sweden, Norway, Denmark, and Finland. The company is headquartered in Kristianstad, Sweden, and its shares are listed on the Stockholm Stock Exchange.
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