Movinn (MOVINN) Q2 2025 earnings summary

Executive summary

• H1 2025 financial performance was below expectations, with both revenue and earnings impacted by weak results in secondary markets in Denmark and Sweden.

• Operational improvements in Q2 were noted, but not enough to offset a disappointing first half.

• Strategic focus remains on profitability, efficiency, and operational discipline, with ongoing portfolio adjustments and downscaling in underperforming markets.

Financial highlights

• Net revenue increased 1.4% year-over-year to DKK 44.7 million in H1 2025.

• EBITDA was DKK (1.7) million, down from DKK 2.2 million in H1 2024.

• EBIT was DKK (4.2) million, a significant decline from DKK (0.6) million year-over-year.

• Profit for the period was DKK (3.8) million, compared to DKK (1.0) million in H1 2024.

• Cash flow from operating activities improved to DKK (0.4) million from DKK (0.5) million year-over-year.

Outlook and guidance

• Full-year 2025 guidance revised downward: net revenue now expected at DKK 91–93 million (from DKK 93–97 million), EBITDA at DKK 0–2 million (from DKK 5–7 million), and EBIT at DKK (5)–(3) million.

• Strategic roadmap 'Core'27' remains in place, targeting a 15% revenue CAGR and 15% EBITDA margin by 2027.

• Further downscaling in secondary and underperforming markets is under assessment.