Consensus Asset Management (CAM) Q1 2025 earnings summary

Executive summary

• Operating income for Q1 2025 was SEK 16.5 million, down from SEK 18.5 million year-over-year.

• Operating result was SEK -1.3 million, compared to SEK 0.2 million in Q1 2024.

• EPS was SEK -0.18, down from SEK 0.02 year-over-year.

• New CEO Andreas Moritz took office in February 2025 and initiated projects to improve brand awareness, customer satisfaction, and cost efficiency.

• Assets under management decreased to SEK 8.9 billion from SEK 9.4 billion, mainly due to market turbulence.

Financial highlights

• Net commission income was SEK 15.3 million, slightly lower than SEK 16.3 million in Q1 2024, but stable when adjusted for a one-off brokerage income last year.

• Fixed insurance and management fees increased by 9% to SEK 7.0 million.

• Total fund income rose significantly after a late-quarter fund platform switch and fee adjustments.

• Cash flow from operating activities was SEK -10.2 million, and cash at period end was SEK 34.0 million.

• Equity at period end was SEK 46.7 million, down from SEK 48.1 million year-over-year.

Outlook and guidance

• Management expects increased fund income of about SEK 2 million annually at unchanged fund volume, following cost reductions and fee adjustments.

• Ongoing projects aim to grow the customer base and improve profitability through branding, customer segmentation, and new partnerships.