Idun Industrier (IDUN) Q1 2025 earnings summary

Executive summary

• Organic net sales grew by 2.9% and EBITA by 8.1% in Q1 2025, with continued margin improvements and rising goodwill-adjusted EPS.

• Strategic refinancing and increased ownership in key subsidiaries were executed, expected to reduce annual interest costs by SEK 20m and enhance financial flexibility.

• Both Manufacturing and Service & Maintenance segments started the year with growth in sales and profit, despite a weak macro environment.

• Q1 marked the 21st consecutive quarter of higher EBITA versus the comparable period.

Financial highlights

• Q1 2025 net sales rose 3.7% to SEK 569.3m (549.0), with organic growth of 2.9%.

• Gross profit increased to SEK 348.2m (322.2), gross margin at 61.2%.

• EBITDA reached SEK 89.0m (84.8), EBITDA margin 15.6%.

• EBITA was SEK 77.6m (73.5), EBITA margin 13.6%.

• Goodwill-adjusted EPS after dilution was SEK 3.2 (2.5).

• Operating cash flow was SEK 54.3m (75.9).

• For the last twelve months, net sales were SEK 2,212.4m (+2.4%), EBITA SEK 312.5m (+5.8%), and goodwill-adjusted EPS SEK 12.3 (11.7).

Outlook and guidance

• Management sees continued uncertainty due to geopolitical and macroeconomic risks but remains confident in the group’s resilience and acquisition opportunities.

• Ongoing focus on acquiring new and add-on companies, with strong liquidity supporting further growth.