Lundbergföretagen (LUND) Q2 2025 earnings summary

Executive summary

• Net asset value after deferred tax was SEK 136.8 billion (SEK 552/share) on June 30, 2025, slightly down from SEK 137.6 billion (SEK 555/share) at year-end, but up to SEK 139.8 billion (SEK 564/share) by August 26, 2025.

• Consolidated net sales for January–June 2025 were SEK 15,631 million, up marginally from SEK 15,570 million year-over-year.

• Profit after financial items rose to SEK 6,791 million (from SEK 5,343 million), with profit after tax at SEK 5,943 million (from SEK 4,742 million).

• Earnings per share attributable to shareholders increased to SEK 19.79 (from SEK 15.91).

Financial highlights

• Operating profit for the group was SEK 7,088 million (SEK 5,602 million year-over-year).

• Adjusted profit after financial items was SEK 6,304 million (SEK 6,228 million year-over-year), excluding unrealized value changes.

• Dividends received during the period totaled SEK 3,388 million (SEK 3,055 million year-over-year).

• Cash and interest-bearing assets were SEK 1,058 million, while interest-bearing liabilities were SEK 5,644 million, reducing net debt to SEK 4,586 million (from SEK 6,048 million at year-end).

• Equity/assets ratio remained strong at 74%, and debt/equity ratio was stable at 0.12.

Outlook and guidance

• No explicit forward-looking guidance provided, but net asset value increased to SEK 139.8 billion by August 26, 2025, indicating positive asset development post-reporting period.