Digitalist Group (DIGIGR) Q1 2025 earnings summary

Executive summary

• Turnover increased by 15.6% year-over-year to EUR 4.5 million for Q1 2025, reflecting growth in Sweden and Finland.

• EBITDA loss narrowed to EUR -0.1 million from EUR -0.4 million, showing improved operational efficiency.

• EBIT improved to EUR -0.3 million from EUR -0.6 million, with cost-saving measures contributing to better margins.

• Net income remained at EUR -1.0 million, with EPS unchanged at EUR -0.00.

• Employee count slightly decreased to 123, down 1.6% from the previous year.

Financial highlights

• Turnover: EUR 4.5 million (up from EUR 3.9 million year-over-year).

• EBITDA: EUR -0.1 million (-3.0% of turnover), improved from EUR -0.4 million (-10.4%).

• EBIT: EUR -0.3 million (-5.9% of turnover), improved from EUR -0.6 million (-15.8%).

• Net income: EUR -1.0 million (-23.0% of turnover), unchanged year-over-year.

• EPS (diluted and undiluted): EUR -0.00, unchanged.

Outlook and guidance

• Turnover and EBITDA are expected to improve in 2025 compared to 2024.

• Working capital is projected to be sufficient for the next 12 months, supported by main owner financing if needed.

• Management remains cautiously optimistic for the remainder of 2025.