Amnode (AMNO) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 were 13.7 MSEK, a 36.6% decrease year-over-year due to delayed orders and market turbulence.

• EBITDA was -1.3 MSEK, down from 1.3 MSEK in Q1 2024; operating result was -1.9 MSEK versus 0.7 MSEK last year.

• Net result after tax was -2.5 MSEK, compared to 0.2 MSEK in Q1 2024; EPS was -0.73 SEK.

• CEO transition occurred during the quarter; Carl Tunberg is acting CEO.

Financial highlights

• Gross margin and operating margin declined; operating margin was -13.7% (3.3% last year).

• Cash flow from operations was -1.2 MSEK, lower than -0.8 MSEK in Q1 2024.

• Net debt increased to 13.7 MSEK from 12.6 MSEK at year-end 2024.

• Equity at period end was 3.3 MSEK (0.96 SEK/share), down from 5.7 MSEK at year-end.

• Liquidity at period end was 1.0 MSEK, with 0.5 MSEK of credit utilized.

Outlook and guidance

• Management expects ongoing market uncertainty and delayed customer decisions to continue impacting sales.

• Cost reduction and efficiency programs are underway, including staff reductions and automation investments.

• Focus on expanding into new sectors beyond automotive to diversify revenue.

• Ongoing liquidity challenges are being closely monitored; financing and cash flow management are priorities.