KABE Group (KABE) Q2 2025 earnings summary

Executive summary

• Net sales for January–June 2025 were SEK 1,830 million, down from SEK 2,133 million year-over-year.

• Operating profit was SEK 73 million (SEK 170 million), with an operating margin of 4.0% (8.0%).

• Net income for the period was SEK 62 million, compared to SEK 141 million last year.

• Cash flow from operating activities improved to SEK 180 million (SEK 38 million).

• The group maintained strong market positions in the Nordic region and expanded its product portfolio.

Financial highlights

• Second quarter net sales were SEK 876 million (SEK 1,078 million), with operating profit at SEK 44 million (SEK 90 million).

• Earnings per share for the half-year were SEK 6.89 (SEK 15.67).

• Gross margin for the half-year was 11.7% (14.2%).

• Solid equity ratio at 67.5% (63.5%).

• Cash and cash equivalents at period end were SEK 202 million (SEK 260 million).

Outlook and guidance

• Focus for the coming year is on reducing inventory levels and adapting production to demand.

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

• Long-term positive trends in sustainable travel expected to continue, though short-term demand is affected by macroeconomic factors.