Eezy (EEZY) Q1 2025 earnings summary

Executive summary

• Revenue declined 19% year-over-year to €33.7M in Q1 2025, mainly due to weak demand in Staffing and Employment services.

• EBIT was -€0.4M and EPS was -€0.04, with EBITDA at €1.3M, down from €2.3M YoY.

• Performance improvement program is ongoing, targeting €4M annual result improvement, with full benefits expected in H2 2025.

• CEO and CFO transitions announced; new CEO starts May 2025.

• Cash flow from operating activities improved by €0.9M compared to Q1 2024.

Financial highlights

• Q1 2025 revenue: €33.7M (-19% YoY); chain-wide revenue: €53.0M (-12% YoY).

• EBITDA: €1.3M (margin 3.9%), down from €2.3M (5.5%) YoY.

• EBIT: -€0.4M (margin -1.1%), down from €0.5M (1.2%) YoY.

• Net cash flow from operating activities: -€0.7M, improved from -€1.6M YoY.

• Net debt: €54.9M, up €2.1M from 12/2024; equity ratio: 56.0%.

Outlook and guidance

• No financial guidance provided for 2025.

• Economic climate remains uncertain, with customers cautious on labor needs and investments.

• Long-term targets: EBIT margin of 8% by 2028, double Professional Services revenue from 2023, and distribute 30-50% of annual result as dividends.

• Industry expected to respond quickly to economic cycles.