Plejd (PLEJD) Q2 2025 earnings summary

Executive summary

• Revenue grew 44.1% year-over-year in Q2 2025, driven by strong installation growth and successful product launches, especially in Norway.

• EBITDA margin improved to 32.5% from 28.5% year-over-year, reflecting operational leverage.

• New product launches and production scaling led to higher costs, but profitability and organic growth remained strong.

Financial highlights

• Q2 2025 net sales: 210,703 tkr (up 44.1% year-over-year); H1 2025: 431,086 tkr (up 41.2%).

• Q2 EBITDA: 68,570 tkr (32.5% margin); EBIT: 47,384 tkr (22.5% margin).

• Q2 net income: 37,117 tkr; EPS before dilution: 3.32 kr (up from 1.69 kr year-over-year).

• Cash flow from operations in Q2: 52,950 tkr; cash position at period end: 78,464 tkr.

• Equity ratio at period end: 74.2%.

Outlook and guidance

• Continued strong demand and installation growth expected, with new product launches anticipated to support margins.

• Production optimization of downlights expected to positively impact gross margin in coming periods.