Serge Ferrari Group (SEFER) Q1 2025 TU earnings summary

Executive summary

• Q1 2025 revenue reached €79.2 million, up 7.8% year-over-year, driven by volume growth and price increases.

• Europe showed strong recovery, Americas benefited from North American market rebound, while Asia-Africa-Pacific saw a slight decline due to seasonality.

• The Transform plan continues to enhance agility and profitability amid ongoing market uncertainty.

Financial highlights

• Revenue increased by 7.8% at current scope and exchange rates, and 8.7% at constant scope and rates compared to Q1 2024.

• Sales volume rose 3.0%, with a 5.7% positive price mix effect; negative currency impact of -0.9%.

• Europe revenue up 10.7%, Americas up 9.7%, Asia-Africa-Pacific down 6.4% year-over-year.

Outlook and guidance

• Strategic market recovery and Transform plan measures support a positive outlook, but vigilance remains due to high raw material prices and global economic turbulence.

• Agility will be key to adapting to ongoing cost pressures and market cycles.