Saunum Group (SAUNA) H1 2025 earnings summary

Executive summary

• Focused on improving inventory management and spare parts logistics to enhance customer service and delivery speed, especially for sauna heaters and climate devices.

• North American market remains the fastest-growing, while European growth is slow and Asian awareness is increasing.

• Product development continued, with a 6-month extension for the Premium+ project and ongoing digitalization efforts.

Financial highlights

• Consolidated revenue for H1 2025 was €1,933,049, up 21.94% year-over-year (H1 2024: €1,585,301).

• Net loss for H1 2025 was €226,283, an improvement from a €467,512 loss in H1 2024.

• Operating loss (EBIT) for H1 2025 was €214,880, compared to €448,945 in H1 2024.

• Cash at period end was €114,109, up from €74,228 a year earlier.

• Investments: €5,800 in tangible assets and €236,600 in intangible assets during H1 2025.

Outlook and guidance

• H2 2025 will focus on production efficiency, fulfilling larger orders, and increasing marketing and reseller training.

• Product development will prioritize completion of the Premium+ project.