FM Mattsson Mora Group (FMM-B) Q4 2025 earnings summary

Executive summary

• Achieved strong profitable growth in Q4 2025, with sales of 494.7 Mkr and EBITA margin of 11.7%, driven by 9.8% organic growth and more than doubling EBITA year-over-year.

• Full-year 2025 saw 7.0% organic growth, improved EBITA margin to 10.4% from 9.2%, and robust cash flow, despite a challenging and uncertain market environment.

• Several countries and customer segments contributed to growth, with a resilient position in both private and professional renovation markets.

Financial highlights

• Q4 2025 net sales increased 6.0% to 494.7 Mkr (466.5), with organic growth of 9.8%.

• Q4 EBITA rose to 57.9 Mkr (27.8), EBITA margin 11.7% (6.0%).

• Full-year net sales grew 4.7% to 1,969.3 Mkr (1,881.1), organic growth 7.0%.

• Full-year EBITA was 205.3 Mkr (173.6), EBITA margin 10.4% (9.2%).

• Result per share for 2025 was 3.43 kr (2.41).

• Cash flow after investments for 2025 was 216.8 Mkr (188.2).

Outlook and guidance

• No formal forecast for 2026 provided.

• Management sees positive demand signals but expects improvement from low levels and at a slow pace.

• Ongoing focus on sales development and cost efficiency, with a new efficiency program expected to yield annual savings of 20–25 Mkr from Q3 2026.