Idun Industrier (IDUN) Q4 2025 earnings summary

Executive summary

• Net sales increased by 8.4% year-over-year in Q4 2025 to SEK 615 million, with both organic and acquisition-driven growth; full-year net sales reached SEK 2,298 million, up 4.8%.

• EBITA for Q4 2025 was SEK 76 million, a 2.0% increase; full-year EBITA rose 2.4% to SEK 316 million.

• Earnings per share rose over 20% year-over-year, reaching SEK 13.9 for the full year.

• Multiple acquisitions completed: MEAB Stainless, Trikåby, Barem OÜ, and post-period Mouldex Sweden; increased ownership in Eugen Wiberger AB and 2B Best Business AB.

• The group maintains a strong financial position, enabling continued investments and acquisitions, with 20 companies and strong management-shareholder alignment.

Financial highlights

• Net sales for the quarter reached SEK 2.3 billion, with LTM net sales at SEK 2,298 million and a 19% year-over-year increase.

• Q4 gross profit was SEK 368 million; full-year gross profit SEK 1,384 million.

• Q4 EBITDA was SEK 89 million; full-year EBITDA SEK 364 million.

• Cash conversion was strong at 84% for the quarter, 59% for the full year, and free cash flow/cash conversion at 73% for 2025.

• Net debt increased by SEK 150–153 million due to acquisitions, ending at SEK 873 million.

Outlook and guidance

• Management expects gradual improvement in 2026, with operating margin anticipated to increase and positive market signals emerging.

• Q2 2026 is expected to show more improvement than Q1, with no specific forecasts provided.

• Financial target of 15% annual EBITDA/EBITA growth remains, with expectations to return to target in 2026.

• Group companies are well prepared, focusing on margin improvement and acquisitions.