Röko (RÖKO) Q1 2025 earnings summary

Executive summary

• Adjusted EBITA rose 14% year-over-year in Q1 2025 to MSEK 395, driven by organic growth, acquisitions, and positive FX effects.

• Net sales increased 9% year-over-year in Q1 2025, reaching MSEK 1,696.

• Net profit grew 8% to MSEK 228, and EPS increased 8% to SEK 15.40.

• Röko's Class B shares were listed on Nasdaq Stockholm in March 2025, with MSEK 39 in related transaction costs impacting profit.

• Net debt/EBITDA improved to 1.9x from 2.3x year-over-year, reflecting strong cash generation.

Financial highlights

• Adj. EBITA margin improved to 23% in Q1 2025 from 22% in Q1 2024.

• Adj. EBITDA increased 14% year-over-year to MSEK 438, with margin up to 26%.

• Return on capital employed rose to 14.5% from 13.3% year-over-year.

• Interest-bearing net debt halved to MSEK 182 from MSEK 365 year-over-year.

• Operating profit rose 3% to MSEK 295, negatively impacted by MSEK 39 in listing costs.

Outlook and guidance

• Röko maintains a strong financial position and aims to continue acquisitions in line with its investment criteria.

• Most companies are expected to offset US-China tariffs through price increases within six months.