KB Components (KBC) Q2 2025 earnings summary

Executive summary

• Net sales rose 7% year-over-year in Q2 2025 to 694 MSEK, with EBITDA up to 113 MSEK from 99 MSEK.

• Adjusted EBITDA declined to 98 MSEK (106 MSEK), reflecting lower margins in North America.

• Profit after tax increased to 44 MSEK (31 MSEK), with EPS at 0.80 SEK (0.51 SEK).

• Growth was driven by acquisitions in India and Finland/Estonia; organic growth in local currencies was 6%.

• Cash flow from operating activities surged to 191 MSEK (45 MSEK).

Financial highlights

• Q2 2025 net sales: 694 MSEK (651 MSEK); EBITDA: 113 MSEK (99 MSEK); EBIT: 67 MSEK (57 MSEK).

• Adjusted EBITDA margin fell to 14.1% (16.2%).

• H1 2025 net sales: 1,460 MSEK (1,289 MSEK); EBITDA: 225 MSEK (194 MSEK); EBIT: 132 MSEK (115 MSEK).

• Adjusted profit after tax for Q2: 32 MSEK (36 MSEK); H1: 78 MSEK (86 MSEK).

• Cash and cash equivalents at period end: 38 MSEK (7 MSEK).

Outlook and guidance

• Volume growth expected to remain stable in the short and medium term, in line with H1 2025.

• Ongoing discussions about structural projects and future acquisitions may impact production structure.

• High uncertainty persists due to geopolitical and trade policy risks.