Skako (SKAKO) Q1 2025 earnings summary

Executive summary

• Revenue increased by 5.0% year-over-year to DKK 62.0 million in Q1 2025, driven by Minerals segment and large Moroccan projects.

• EBIT declined by DKK 1.3 million to DKK 3.2 million due to investments in Recycling salesforce and higher capacity costs for Moroccan projects.

• Order backlog remains strong at DKK 204.7 million, up 208.2% year-over-year, supporting future growth.

Financial highlights

• Plant sales rose 8.2% to DKK 43.5 million; aftersales declined 1.9% to DKK 18.5 million year-over-year.

• Gross profit increased 2.2% to DKK 17.4 million, but gross margin fell by 0.7pp to 28.1% due to lower-margin plant sales.

• EBIT margin decreased by 2.6pp to 5.2% in Q1 2025.

Outlook and guidance

• Full-year 2025 guidance maintained: organic revenue growth of 30–40% and EBIT before special items of DKK 27–31 million.

• Management notes higher-than-normal uncertainty due to geopolitical instability and European growth concerns.