Stockwik Förvaltning (STWK) Q1 2025 earnings summary

Executive summary

• EBITA margin improved to 6.8% (6.0%) with EBITA rising to 13.6 (12.0) MSEK, driven by organic improvements despite a weak economy and financial market uncertainty.

• Net sales were 200.1 MSEK, nearly flat year-over-year, with organic sales down 0.4%.

• Net income turned positive at 1.4 MSEK compared to -3.2 MSEK last year.

• Cash flow from operations was -0.0 MSEK, impacted by working capital tied up in short-term liabilities and less favorable supplier credit terms.

Financial highlights

• EBITDA increased 7.9% to 24.4 (22.6) MSEK; EBITDA margin rose to 12.2% (11.3%).

• Adjusted EBITDA was 26.7 (25.2) MSEK, with a margin of 13.3% (12.5%), excluding 2.3 (2.6) MSEK in restructuring and other one-time items.

• EBIT improved 21.7% to 11.9 (9.8) MSEK; pre-tax profit was 1.2 (-3.7) MSEK.

• Earnings per share were SEK 0.21 (-0.49) both before and after dilution.

• Net debt increased to 396.7 (386.6) MSEK; net debt/EBITDA was 4.10 (4.06).

Outlook and guidance

• Management sees continued positive organic earnings development and stable cash flows as key to refinancing ahead of the March 2026 bond maturity.

• No explicit forecasts are provided; future outcomes may vary due to market and economic changes.