Atria (ATRAV) Q2 2025 earnings summary

Executive summary

• Net sales for January–June rose to EUR 880.3 million, driven by Sweden, while Finland saw a decline due to weak retail demand and labor strikes.

• EBIT improved to EUR 30.5 million (3.5% margin), with all business areas showing better results year-over-year.

• Major investments in production modernization, energy efficiency, and sustainability, including an EUR 82.4 million project at Nurmo.

• Board and management changes include a new EVP for Sustainability and a board member resignation.

• The new group strategy is on track for publication at the end of 2025.

Financial highlights

• Q2 net sales: EUR 459.8 million (+1.2% year-over-year); EBIT: EUR 17.6 million (3.8% margin); EPS: EUR 0.41.

• H1 net sales: EUR 880.3 million (+1.0% year-over-year); EBIT: EUR 30.5 million (3.5% margin); EPS: EUR 0.69.

• Free cash flow for H1: EUR 44.0 million (vs. EUR 1.9 million prior year).

• Adjusted return on equity (rolling 12m): 11.1% (vs. 8.5% prior year); equity ratio: 43.6%.

• Dividend of EUR 0.69 per share distributed for 2024.

Outlook and guidance

• Adjusted EBIT for 2025 expected to be lower than 2024 (EUR 65.4 million), citing continued market sluggishness and geopolitical uncertainty.

• Despite challenges, strong brands and efficient operations support business stability for the remainder of 2025.