Creades (CRED) Q1 2025 earnings summary

Executive summary

• Net asset value (NAV) return for Q1 2025 was +2%, outperforming OMXSGI's 0% return for the same period.

• Earnings per share for the period were SEK 1.31, up from SEK -0.29 year-over-year.

• Creades acquired a 20% stake in Lumene Group for SEK 238 million, aiming for growth in the Nordic and European beauty markets.

• The portfolio remains diversified with a strong balance sheet and no debt, positioning Creades for future opportunities.

Financial highlights

• Total profit for the period was SEK 178 million, compared to SEK -39 million in Q1 2024.

• NAV per share increased to SEK 76 from SEK 75 at year-end 2024.

• Value of the securities portfolio rose to SEK 10,014 million, up SEK 195 million from December 2024.

• Cash and cash equivalents at March 31 were SEK 417 million, down from SEK 717 million at year-end due to investments and dividends.

• Dividend of SEK 1.60 per share proposed, unchanged from the previous year.

Outlook and guidance

• Creades targets an annual return exceeding 7.5% and aims to outperform OMXSGI over time.

• The company remains focused on long-term value creation and is well-positioned to navigate market uncertainties.