Scandbook (SBOK) Q1 2025 earnings summary

Executive summary

• Net sales increased 19.1% year-over-year to SEK 116.6 million in Q1 2025, driven by strong demand, especially in the US and Germany, and favorable USD exchange rates.

• EBIT rose to SEK 8.6 million from SEK 3.9 million, and net income reached SEK 7.1 million versus SEK 2.8 million in Q1 2024.

• EBITDA improved to SEK 14.0 million (SEK 9.1 million), with an EBITDA margin of 12.0% (9.3%).

• Cash flow from operations was SEK 12.4 million, and the net cash position (excluding lease liabilities) was SEK 37.9 million.

• Investments in the quarter totaled SEK 2.0 million, down from SEK 8.5 million in Q1 2024.

Financial highlights

• Net sales: SEK 116.6 million (SEK 97.8 million), up 19.1% year-over-year.

• EBIT: SEK 8.6 million (SEK 3.9 million); EBIT margin 7.4% (3.9%).

• Net income: SEK 7.1 million (SEK 2.8 million); EPS: SEK 1.05 (SEK 0.42).

• Cash and cash equivalents: SEK 62.6 million (SEK 49.0 million).

• Equity ratio: 80% (78%).

Outlook and guidance

• High demand is expected to continue, with strong order intake in the US and Germany.

• Ongoing transition to a new business platform in Sweden aims to improve efficiency and resource utilization.

• Continued focus on sustainability and meeting high environmental standards across the value chain.