Profilgruppen (PROF) Q2 2025 earnings summary

Executive summary

• Revenue rose 18% year-over-year in Q2 2025 to SEK 711.6 million, driven by higher raw material prices and the addition of Polish operations.

• Adjusted operating profit for Swedish operations was SEK 51.1 million, with a margin of 7.6%, below the new target of at least 14%.

• Accounting operating profit was SEK 31.5 million, impacted by SEK -9.5 million from metal position at risk and SEK -10.1 million from Polish operations.

• Delivery volumes increased to 10,200 tonnes in Q2, slightly above the prior year.

• The Polish extrusion business began operations in March, but acquisition timing remains uncertain due to ongoing reconstruction processes.

Financial highlights

• Net turnover for H1 2025 was SEK 1,352.9 million, up 14% year-over-year.

• Adjusted operating profit for H1 2025 reached SEK 116.0 million (margin 8.8%), up from SEK 101.0 million (margin 8.5%) in H1 2024.

• Accounting operating profit for H1 2025 was SEK 85.6 million (margin 6.3%), down from SEK 98.5 million (margin 8.3%) in H1 2024.

• Net income for H1 2025 was SEK 64.2 million, with EPS of SEK 8.26.

• Liquidity reserve at June 30, 2025, was SEK 203.0 million, down from SEK 341.4 million a year earlier.

Outlook and guidance

• No formal forecast provided for 2025.

• Management notes ongoing market challenges in Northern Europe, with trade turbulence likely delaying recovery.

• Increased uncertainty is seen as a potential source of new business opportunities.