Duroc (DURC) Q4 24/25 earnings summary

Executive summary

• Revenue for the year decreased by 3% to 3,013.8 MSEK, with organic growth at -7% year-over-year.

• EBIT fell to 32.1 MSEK from 46.4 MSEK, while adjusted EBIT margin dropped to 1.1% from 1.5%.

• Excluding Drake and IFG, adjusted EBIT rose to 92.1 MSEK (56.3 MSEK), margin 3.7% (2.3%).

• Strong cash flow from operations at 129.2 MSEK, up from 96.6 MSEK.

• Board proposes a dividend of 0.35 SEK/share, a 17% increase.

Financial highlights

• Q4 revenue declined 4% to 800.5 MSEK; organic growth -12%.

• Q4 EBITDA was 51.1 MSEK (51.4 MSEK); EBIT 26.8 MSEK (28.0 MSEK).

• Net income for the year was 12.5 MSEK (29.9 MSEK); EPS -0.05 SEK (0.58 SEK).

• Net debt (excl. lease liabilities) increased to 61.8 MSEK (5.1 MSEK).

• Equity at period end was 1,112.3 MSEK; equity ratio 58%.

Outlook and guidance

• Portfolio shift towards industrial and trading units, with planned divestment of fiber companies Drake and IFG.

• Core industrial and trading businesses expected to continue positive development; fiber units face ongoing challenges.

• Capital from divestments to be reinvested in organic growth and new acquisitions.