Samtrygg Group (SAMT) Q1 2025 earnings summary

Executive summary

• Q1 2025 saw total revenue decrease to 110.9 MSEK from 126.0 MSEK year-over-year, mainly due to a strategic reduction in B2B operations and lower P2P demand amid a weak market.

• EBITDA improved to 2.1 MSEK from 1.7 MSEK year-over-year, reflecting a stronger focus on profitability and cost optimization.

• A change in revenue recognition policy resulted in a one-time negative earnings impact of 20.3 MSEK, with no cash flow effect.

• The company remains well-positioned for the rest of 2025, with ongoing improvements in both P2P and B2B segments.

Financial highlights

• Total revenue for Q1 2025: 110.9 MSEK (down 12% year-over-year).

• Sales revenue: 14.9 MSEK (down 9% year-over-year).

• EBITDA: 2.1 MSEK (up from 1.7 MSEK year-over-year).

• EBIT: 1.0 MSEK (up from 0.3 MSEK year-over-year).

• Net result after financial items: -19.5 MSEK (improved from -22.1 MSEK year-over-year).

• Earnings per share: -1.91 SEK.

• Cash and cash equivalents at period end: 3.4 MSEK.

Outlook and guidance

• Management expects continued operational improvements and aims to reverse the B2B segment's decline into sustainable growth during 2025.

• The company is focused on optimizing marketing, product development, and personnel investments to further strengthen profitability.