OEM International (OEM) Q1 2025 earnings summary

Executive summary

• Incoming orders rose 4% year-over-year to SEK 1,401 million, with net sales up 3% to SEK 1,373 million, marking a record quarter.

• Operating profit increased 1% to SEK 197 million, while EBITA remained flat at SEK 205 million; EBITA margin declined to 14.9% from 15.4%.

• Profit after tax decreased 2% to SEK 153 million, and EPS was SEK 1.10 compared to SEK 1.13 a year earlier.

• Order book grew by SEK 42 million during the quarter, with incoming orders 2% higher than sales.

Financial highlights

• Organic sales growth was 2.7%, with currency effects contributing 0.4% positively.

• Cash flow from operating activities was SEK 164 million, down from SEK 203 million year-over-year.

• Cash and cash equivalents stood at SEK 635 million, up from SEK 379 million a year ago.

• Equity/assets ratio improved to 74% from 70% last year.

Outlook and guidance

• Management expects continued market turbulence and currency volatility, with opportunities for market share gains and acquisitions due to a strong balance sheet.

• The recent acquisition of Vierpool BV in the Netherlands is expected to have a marginal impact on current year earnings.