Hulström Group (HULT) Q1 2025 earnings summary

Executive summary

• Revenue declined 6.2% to 80.1 MSEK compared to Q1 2024, mainly due to reduced subcontracting and organizational adjustments.

• Operating profit was 6.8 MSEK (8.5% margin), slightly down from 7.5 MSEK (8.7%) last year; margin adjusted for currency effects was 9.9%.

• Organic growth in the core consulting business (excluding subcontractors) was 5% year-over-year.

• Stable order intake with new contracts in both public and private sectors, including national framework agreements.

• The company adapted its offering and organization to focus on areas with strong demand and higher profitability.

Financial highlights

• Net sales: 80.1 MSEK (85.3 MSEK Q1 2024).

• Operating income: 6.8 MSEK (7.5 MSEK Q1 2024).

• Net income: 6.0 MSEK (7.0 MSEK Q1 2024).

• Earnings per share: 0.10 SEK (0.11 SEK Q1 2024).

• Cash flow from operations: 5.8 MSEK (3.0 MSEK Q1 2024).

• Cash and equivalents at period end: 7.6 MSEK (3.4 MSEK Q1 2024).

Outlook and guidance

• The company sees good opportunities for further development after rapid adaptation to market conditions.

• Market remains challenging due to weak demand, regulatory changes, and global uncertainty, but local focus and new regulations may create opportunities.