FM Mattsson Mora Group (FMM-B) Q2 2025 earnings summary

Executive summary

• Net sales for Jan–Jun 2025 rose 4.3% year-over-year to SEK 1,027.2m, with organic growth of 5.9%.

• EBITA for the period was SEK 102.9m (SEK 107.4m), with a margin of 10.0% (10.9%), impacted by SEK 4.5m in one-time restructuring costs.

• Cash flow after investments was SEK 73.0m (SEK 96.8m).

• Result per share increased to SEK 1.64 (SEK 1.47).

• No significant events occurred during or after the quarter.

Financial highlights

• Q2 net sales increased 2.4% year-over-year to SEK 503.5m, with organic growth of 5.5%.

• Q2 EBITA was SEK 44.8m (SEK 54.1m), margin 8.9% (11.0%), affected by SEK 0.4m in one-time costs.

• Q2 gross margin declined to 36.9% (38.6%) due to SEK 9.9m in inventory write-downs.

• Return on equity (rolling 12 months) was 10.4% (11.4%).

• Solid equity ratio at 54.8% (54.5%).

Outlook and guidance

• Management expects continued challenging market conditions in coming quarters but sees stable long-term demand for design and sustainability-focused products.

• High exposure to the renovation market is seen as a strength versus new construction.

• No formal forecast for 2025 is provided.