Kopparbergs (KOBR) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 were SEK 472.5 million, down from SEK 481.0 million year-over-year, mainly due to Easter timing differences.

• EBITDA reached SEK 44.8 million, slightly up from SEK 44.3 million in Q1 2024, driven by improved margins from price adjustments.

• EPS dropped to SEK 0.30 from SEK 1.57, impacted by negative currency effects.

• Strong performance in the UK, with Kopparberg Cider maintaining leadership in the fruit cider segment.

• Successful launch of Kopparberg Crisp Apple on tap in pubs and restaurants, supported by investments in dispensing equipment.

Financial highlights

• Net sales: SEK 472.5 million (Q1 2024: SEK 481.0 million).

• EBITDA: SEK 44.8 million (Q1 2024: SEK 44.3 million).

• Operating income: SEK 28.8 million (Q1 2024: SEK 27.9 million).

• Net income: SEK 6.2 million (Q1 2024: SEK 32.4 million).

• EPS: SEK 0.30 (Q1 2024: SEK 1.57).

Outlook and guidance

• Positive start to the year, with expectations for continued strong performance in the UK and key tourist markets.

• Alcohol-free segment and export sales in Australia and South Africa are developing as planned.

• Anticipation of a strong season in major tourist countries, with positive sales forecasts.