Idun Industrier (IDUN) Q2 2025 earnings summary

Executive summary

• Net sales increased by 2.6% to SEK 592.5m in Q2 2025, with organic growth of 0.3%; EBITA decreased by 2.2% (organic -6.2%).

• Rolling 12-month organic net sales growth was 2.4%, and EBITA grew 4.7% organically.

• Earnings per share (EPS) adjusted for goodwill after dilution rose to SEK 4.2 (4.0) in Q2 and SEK 7.5 (6.6) for H1.

• Cash flow from operating activities improved to SEK 71.1m (54.1) in Q2.

• Increased ownership in several subsidiaries, including 2B Best Business AB (to 98%) and Eugen Wiberger AB (to 86%).

Financial highlights

• Q2 net sales: SEK 592.5m (577.2), gross profit: SEK 362.4m (351.2), EBITDA: SEK 101.0m (102.2), EBITA: SEK 89.1m (91.1).

• H1 net sales: SEK 1,161.8m (1,126.2), gross profit: SEK 710.6m (673.3), EBITDA: SEK 190.0m (187.0), EBITA: SEK 166.7m (164.6).

• Rolling 12-month net sales: SEK 2,227.7m (2,157.6), gross profit: SEK 1,349.6m (1,290.5), EBITDA: SEK 358.5m (343.7), EBITA: SEK 310.5m (297.3).

• Cash and bank at period end: SEK 316.2m (182.6); net debt: SEK 702.9m.

• Solid equity ratio at 34.8% (34.8%).

Outlook and guidance

• Management notes continued economic uncertainty but sees signs of improvement in some group companies.

• Focus remains on cost control, maintaining strong market positions, and pursuing further acquisitions.

• Strong financial position supports continued investment and acquisition opportunities.