Plejd (PLEJD) Q1 2025 earnings summary

Executive summary

• Revenue grew 38.6% year-over-year to SEK 220.4 million in Q1 2025, driven by strong organic growth and successful new product launches, especially in Norway.

• Profitability improved with EBIT up to SEK 57.1 million (25.9% margin), and EPS doubled to SEK 4.02.

• Installation value growth was robust across all markets, with Norway and the Netherlands showing the highest increases.

Financial highlights

• EBITDA reached SEK 77.1 million (35.0% margin), up from SEK 45.7 million (28.8%) year-over-year.

• Net income for the quarter was SEK 45.0 million, up from SEK 22.7 million year-over-year.

• Cash flow from operations was SEK 53.1 million, positively impacted by strong operating results.

• Cash and cash equivalents at period end were SEK 62.3 million, with total available liquidity of SEK 142.3 million.

• Equity ratio remained high at 74.0%.

Outlook and guidance

• Management expects continued strong organic growth and profitability, supported by increased demand for established and new products.

• No direct impact from global trade tensions or US tariffs is anticipated due to limited US exposure and favorable currency effects.