ByggPartner Gruppen (BYGGP) Q1 2025 earnings summary

Executive summary

• Achieved record-high order intake of 1,709 MSEK in Q1 2025, more than doubling year-over-year, with strong contributions from all segments and a focus on collaborative projects and profitability.

• EBITA reached 35 MSEK with a margin of 3.0%, marking eight consecutive quarters of positive profitability and a rise in net profit per share to 0.43 SEK.

• Order backlog consists mainly of lower-risk, collaborative projects, supporting sustained profitability.

• Financial position remains stable, with a solid equity ratio of 30.1% and net debt/EBITDA at 1.2.

• New leadership appointments in key subsidiaries and a new management team in place during the quarter to strengthen operational execution.

Financial highlights

• Order intake for Q1 2025 was 1,709 MSEK, up from 876 MSEK in Q1 2024.

• Net sales increased to 1,173 MSEK (1,145 MSEK), and EBITA rose to 35 MSEK (26 MSEK), with a margin of 3.0% (2.2%).

• Net income reached 20 MSEK (14 MSEK), and earnings per share were 0.43 SEK (0.31 SEK).

• Cash flow for the quarter was -30 MSEK, an improvement from -81 MSEK in Q1 2024, mainly due to timing effects.

• Equity ratio at quarter-end was 30.1%, and net debt/EBITDA was 1.2.

Outlook and guidance

• Continued focus on profitability before volume to achieve long-term EBITA margin targets of at least 5% and net debt/EBITDA below 2.5.

• Strong project pipeline, especially in collaborative and industrial projects, expected to support future growth.

• Company expects to be debt-free by Q2 2026 through continued loan amortization.