KH Group (KHG) Q1 2025 earnings summary

Executive summary

• Net sales from continuing operations rose 4% year-over-year to EUR 41.8 million, with moderate improvement in operating profit and profitability despite challenging market conditions.

• KH-Koneet saw significant growth in heavy crawler excavator sales in Finland, while Nordic Rescue Group's net sales declined but maintained profitability.

• Indoor Group, classified as discontinued, experienced a 10% drop in net sales and continued market headwinds; a sale process for Indoor Group was initiated.

• Strategic focus remains on building around KH-Koneet, with divestment of other business areas progressing.

Financial highlights

• Net sales: EUR 41.8 million (up from EUR 40.4 million year-over-year).

• Comparable operating profit: EUR 0.2 million (improved from EUR -0.1 million year-over-year).

• Operating profit (EBIT): EUR -0.1 million (up from EUR -0.5 million year-over-year).

• Net profit from continuing operations: EUR -0.4 million (improved from EUR -1.7 million year-over-year).

• Earnings per share (continuing): EUR -0.01 (up from EUR -0.03 year-over-year).

Outlook and guidance

• 2025 guidance: Net sales and comparable operating profit for continuing operations expected to remain at 2024 levels (EUR 194.0 million and EUR 7.2 million, respectively).

• Strategic plan to focus on KH-Koneet and divest other business areas continues.