AGES Industri (AGES) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 decreased by 10% to SEK 227 million compared to SEK 253 million in Q1 2024, reflecting a generally weaker market among customers.

• Operating profit fell to SEK 14 million (Q1 2024: SEK 30 million), with an operating margin of 6.1% (11.8%).

• The divestment of AGES Casting Unnaryd was completed on April 1, 2025, and is now reported as discontinued operations.

• Result per share from continuing operations was SEK 1.41 (3.44); total operations SEK 0.44 (2.01).

• Cash flow from operating activities (total operations) was SEK 27 million (37).

Financial highlights

• Rolling 12-month net sales were SEK 860 million (April 2024–March 2025), down from SEK 886 million for full year 2024.

• Return on capital employed was 7.3% (13.4% in Q1 2024).

• Equity per share at period end was SEK 43 (67); equity ratio was 37% (43%).

• Net investments in fixed assets were SEK 5 million (29), mainly for capacity expansion in machining.

• Interest-bearing liabilities amounted to SEK 230 million (254); liquid funds including unused credit SEK 106 million (83).

Outlook and guidance

• Order book is slightly increasing, indicating potential demand recovery.

• Focus remains on core businesses: Precision Components and Engineering Solutions, with continued efficiency improvements and customer engagement.

• Strong balance sheet and financial capacity post-divestment support future organic growth and acquisitions.