FM Mattsson Mora Group (FMM-B) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 reached 523.7 MSEK, up 6.1% year-over-year, with organic growth of 6.2%.

• EBITA was 58.1 MSEK (53.3), with an EBITA margin of 11.1% (10.8%), including 4.2 MSEK in one-time restructuring costs.

• Result per share increased to 0.99 SEK (0.67).

• Growth was driven by both Nordic and international markets, despite continued macroeconomic uncertainty.

• No significant events occurred during or after the quarter.

Financial highlights

• EBITDA for Q1 2025 was 76.6 MSEK (71.9).

• EBIT was 51.6 MSEK (46.9), with a 9.9% operating margin (9.5%).

• Profit before tax was 54.7 MSEK (38.1).

• Cash flow after investments was 4.9 MSEK (38.3), impacted by increased working capital.

• Return on equity (rolling 12 months) was 10.8% (11.4%).

Outlook and guidance

• No formal guidance for 2025 was provided.

• Management notes stable demand in core markets, but expects continued market uncertainty.