Nordic Flanges Group (NFGAB) Q1 2025 earnings summary

Executive summary

• Net sales increased by 5% year-over-year to 62.9 MSEK, driven by strong growth in the Swedish unit and OEM customers, especially in the marine sector (+93%).

• EBITDA margin was 5.4% (3.4 MSEK), slightly down from 6.5% last year; EBIT margin was 0.7% (0.4 MSEK).

• Net result improved to 0.0 MSEK from -3.3 MSEK year-over-year, reflecting operational improvements and cost control.

• Operating cash flow rose sharply to 4.8 MSEK from 0.2 MSEK, aided by inventory reductions and capital discipline.

• Net debt reduced to 41.7 MSEK (from 64.7 MSEK), and net debt/equity ratio improved to 2.2x (from 3.5x).

Financial highlights

• Net sales: 62.9 MSEK (+5% year-over-year); Swedish unit sales up 13.4%.

• EBITDA: 3.4 MSEK (5.4% margin), down from 3.9 MSEK (6.5%).

• EBIT: 0.4 MSEK (0.7% margin), down from 0.8 MSEK (1.3%).

• Net result: 0.0 MSEK, up from -3.3 MSEK; EPS: 0.01 SEK (from -0.04 SEK).

• Operating cash flow: 4.8 MSEK (from 0.2 MSEK); equity per share: 8.25 SEK.

Outlook and guidance

• Order intake shows a positive trend, with a strong and growing order book and increased OEM share.

• Focus remains on efficiency, financial stability, and strategic expansion in Europe and the US.

• Management expects continued improvement in results for 2025, targeting long-term growth and profitability.