Loihde (LOIHDE) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue grew 7% year-over-year to €35.2 million, driven by security and enterprise network services.

• IT consulting revenue stabilized after previous declines, though the market remains challenging.

• Adjusted EBITDA was €1.5–1.6 million (4.3% margin), slightly below prior year due to product mix and sales bonus timing.

• Significant new contracts in security technology with public sector, industry, and energy clients.

• Reorganization merged Data & AI and Digital Services units, resulting in 35 redundancies and 10 temporary layoffs.

Financial highlights

• Q1 2025 revenue: €35.2 million, up from €33.0 million in Q1 2024.

• Adjusted EBITDA: €1.5–1.6 million (4.3% margin), down from €1.6–1.8 million (4.9%) in Q1 2024.

• Profitability impacted by product mix and changes in sales bonus payment schedules.

Outlook and guidance

• 2025 revenue expected to grow or remain at 2024 levels.

• Adjusted EBITDA forecast to improve from €11.0 million in 2024.