KABE Group (KABE) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 were SEK 954 million, down from SEK 1,055 million year-over-year.

• Operating profit was SEK 29 million (SEK 80 million), with a margin of 3.0% (7.6%).

• Net income totaled SEK 25 million, compared to SEK 66 million in Q1 2024.

• EPS was SEK 2.78 (SEK 7.33).

• Market share increased on main markets despite challenging conditions.

Financial highlights

• Cash flow from operations was SEK 83 million (SEK 78 million).

• Liquidity at period end was SEK 134 million (SEK 359 million).

• Equity ratio improved to 65.4% (59.6%).

• Gross margin was 12.7% (13.5%).

• Currency effects negatively impacted operating profit by SEK -21 million (SEK +10 million).

Outlook and guidance

• Focus remains on reducing inventory levels throughout the value chain in 2025.

• Production will be adjusted to demand, with enhanced marketing to stimulate sales.

• Broader product portfolio and international presence reduce exposure to single markets.

• Long-term ambition is to maintain a leading position in core markets and segments.

• Short-term sales will be affected by distributor inventory levels, but sustainable travel trends remain positive.