Candles Scandinavia (CANDLE) Q1 24/25 earnings summary

Executive summary

• Revenue grew 43% year-over-year to 32.6 MSEK, driven by higher volumes, improved production efficiency, and a significant COVID-related boost, though recent quarters saw stagnation in some markets.

• EBITDA improved to -4.8 MSEK from -8.3 MSEK, and EBIT to -6.8 MSEK from -8.8 MSEK, reflecting operational improvements.

• Completed the strategic acquisition of HashtagYou GmbH, expanding market reach and positioning as an integrated brand house.

• Automation initiatives led to a 25-person reduction in production staff, expected to yield annual savings of 13 MSEK.

• Marketing efforts, especially through FM tools and influencers, positively impacted performance.

Financial highlights

• Total revenue for May–July 2025 was 33.7 MSEK, up from 24.6 MSEK year-over-year.

• EBITDA was -4.8 MSEK (improved from -8.3 MSEK), and EBIT was -6.8 MSEK (improved from -8.8 MSEK).

• Net loss attributable to shareholders was -7.0 MSEK, compared to -8.2 MSEK last year.

• Cash flow from operations improved to -6.0 MSEK from -22.1 MSEK year-over-year.

• Cash and cash equivalents at period end were 0.5 MSEK, down from 6.6 MSEK last year.

Outlook and guidance

• The HashtagYou acquisition is expected to add 250 MSEK in annual revenue and 40–45 MSEK in annual profit contribution within a year.

• Integration and automation are anticipated to further improve margins and scalability in coming quarters.