Avensia (AVEN) Q4 2025 earnings summary

Executive summary

• Achieved record annual operating profit and net income despite a challenging Q4 impacted by restructuring costs in Information Management.

• Annual revenue was stable at 423.3 MSEK, while Q4 revenue declined 8% year-over-year due to a smaller workforce.

• Commerce segment delivered its strongest result ever, while Information Management faced lower demand and negative margins.

Financial highlights

• Q4 revenue: 106.2 MSEK (down 8% YoY); full-year revenue: 423.3 MSEK (flat YoY).

• Q4 operating profit: 0.4 MSEK (3.6 MSEK prior year); full-year operating profit: 31.7 MSEK (26.7 MSEK prior year).

• Q4 net result: -1.0 MSEK (1.1 MSEK prior year); full-year net result: 21.7 MSEK (16.8 MSEK prior year).

• Q4 operating margin: 0.4% (3.2% prior year); full-year margin: 7.5% (6.3% prior year).

• Cash flow from operations: 42.1 MSEK (49.2 MSEK prior year); cash at year-end: 47.7 MSEK.

Outlook and guidance

• Structural demand in core markets expected to increase over time, with growth driven by sales, utilization, license income, and pricing.

• Financial targets: 10% annual organic growth and a short-term operating margin of 10%, with a long-term margin goal of 15%.