Kopparbergs (KOBR) Q2 2025 earnings summary

Executive summary

• Net sales for the first half of 2025 reached 1,207.5 MSEK, slightly down from 1,214.6 MSEK year-over-year.

• Q2 2025 net sales were 735.1 MSEK, nearly unchanged from 733.6 MSEK in Q2 2024.

• EBITDA for H1 2025 was 152.4 MSEK, stable compared to 152.0 MSEK last year.

• Q2 EBITDA remained flat at 107.7 MSEK year-over-year.

• EPS for H1 2025 was 3.43 SEK, down from 4.83 SEK in H1 2024.

Financial highlights

• Operating income for H1 2025 was 120.7 MSEK, up slightly from 119.6 MSEK year-over-year.

• Net income for H1 2025 was 70.7 MSEK, down from 99.6 MSEK in H1 2024.

• Q2 net income was 64.6 MSEK, compared to 67.3 MSEK in Q2 2024.

• Cash flow from operations for H1 2025 was 36.7 MSEK, down from 52.3 MSEK last year.

• Investments for H1 2025 totaled 22.1 MSEK, significantly lower than 56.5 MSEK in H1 2024.

Outlook and guidance

• Sales in the UK, the largest export market, remained stable despite major sporting events.

• The launch of Kopparberg Crisp Apple in supermarkets and positive distribution agreements are expected to boost visibility.

• Stable performance is anticipated in key tourist and domestic markets.