OEM International (OEM) Q2 2025 earnings summary

Executive summary

• Incoming orders increased by 3% year-over-year to SEK 1,364 million in Q2 2025, with net sales up marginally by 0.5% to SEK 1,337 million despite negative currency effects and fewer working days.

• Operating profit (EBITA) declined by 5% to SEK 176 million, mainly due to a lower gross margin from a stronger Swedish krona; EBITA margin was 13.2% versus 13.9% last year.

• Profit after tax fell 5% to SEK 133 million, and earnings per share were SEK 0.96, down from SEK 1.01 in Q2 2024.

• Acquisitions contributed positively to sales, while currency effects had a significant negative impact; Vierpool BV in the Netherlands was acquired in April.

Financial highlights

• Net sales for January–June 2025 rose 2% year-over-year to SEK 2,710 million; operating profit for the period was SEK 364 million, down 2%.

• EBITA for the half-year was SEK 381 million, a 2% decrease; profit after tax was SEK 286 million, down 3%.

• Cash flow from operating activities in Q2 was SEK 163 million, with total cash flow at SEK -163 million due to investments and dividend payments.

• Equity/assets ratio improved to 73% from 70% a year earlier; cash and cash equivalents at period end were SEK 477 million.

Outlook and guidance

• Demand remains stable but the market is turbulent, especially in Europe; the export industry is affected by lower global demand.

• The group aims to continue growth both organically and through acquisitions, leveraging its strong financial position.