Precomp Solutions (PCOM) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 decreased to SEK 46.4 million from SEK 53.4 million year-over-year, reflecting lower order levels at the end of 2024.

• EBITDA for the quarter was SEK 0.7 million, down from SEK 2.2 million in Q1 2024; EBIT was negative at SEK -0.2 million compared to SEK 1.2 million.

• Operational efficiency measures mitigated some negative impact from lower sales; ongoing initiatives include 5S and SMED projects, recruitment of specialists, and evaluation of automation solutions.

• Early Q2 2025 shows a recovery in order intake, with customer forecasts indicating gradual volume improvement for the rest of the year.

Financial highlights

• Net sales: SEK 46.4 million (down from SEK 53.4 million year-over-year).

• EBITDA: SEK 0.7 million (Q1 2024: SEK 2.2 million); EBIT: SEK -0.2 million (Q1 2024: SEK 1.2 million).

• Cash flow from operating activities: SEK 1.8 million (Q1 2024: SEK 6.4 million).

• Net result after financial items: SEK -1.1 million (Q1 2024: SEK 0.1 million).

• Cash and cash equivalents at period end: SEK 1.7 million (Q1 2024: SEK 0.9 million).

Outlook and guidance

• Order intake rebounded at the start of Q2 2025, earlier than expected.

• Customer forecasts suggest gradual volume improvement throughout 2025.

• Monitoring US tariff developments; no significant customer impact yet, but uncertainty remains.

• Management expects gradual earnings improvement for the remainder of 2025, though market vigilance is required.