Norrhydro Group (NORRH) H1 2025 earnings summary

Executive summary

• Revenue grew 13.5% year-over-year to EUR 14.88 million in H1 2025, with profitability improving significantly.

• EBITDA rose to EUR 1.23 million (8.2% margin), and operating profit increased to EUR 573 thousand.

• Net profit turned positive at EUR 8 thousand, compared to a loss of EUR 443 thousand in H1 2024.

• Operational performance was strong, with 100% on-time delivery and excellent product quality and safety.

• Growth outpaced the overall market, driven by demand in mining, material handling, and defense sectors.

Financial highlights

• Turnover: EUR 14.88 million (up from EUR 13.11 million year-over-year).

• EBITDA: EUR 1.23 million (8.2% margin), up from EUR 772 thousand (5.9%).

• Operating profit: EUR 573 thousand (3.8% margin), up from EUR 106 thousand (0.8%).

• Net profit: EUR 8 thousand, compared to a loss of EUR 443 thousand.

• Cash flow from operations: EUR 394 thousand, down from EUR 1.07 million.

Outlook and guidance

• Net sales in 2025 expected to exceed 2024 (EUR 24.23 million), with improved EBITDA.

• Profitability anticipated to improve further, supported by increased volumes and digital product commercialization.

• Customer forecasts indicate growth for autumn 2025, but geopolitical and trade risks may impact results.

• Market recovery in construction remains slow; growth concentrated in select industrial sectors.