Creturner Group (CRET) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue rose 466% year-over-year to 10.9 Mkr, with operating profit at +0.9 Mkr versus -5.0 Mkr in Q1 2024.

• Digital technology underperformed due to low volume; environmental technology showed scalable, profitable growth.

• Liquidity remains strained, with ongoing refinancing efforts and potential structural interventions considered.

• Earnings per share improved to +0.01 SEK from -0.10 SEK year-over-year.

Financial highlights

• Group operating margin improved to +8% from -213% year-over-year.

• Cash balance at period end was 0.03 Mkr, down from 0.2 Mkr a year earlier.

• Parent company net turnover fell to 0.3 Mkr from 2.3 Mkr, with operating loss widening to -4.7 Mkr.

• Group profit before depreciation was +6.4 Mkr, up from -0.7 Mkr year-over-year.

Outlook and guidance

• Company expects continued growth in environmental technology, with ongoing international partnership discussions.

• Digital segment's future depends on improved financing and hardware investment; risk of impairment if utilization does not improve.

• Structural changes may be necessary to stabilize finances and accelerate development.