Suntrade Group (STRD) Q1 2025 earnings summary

Executive summary

• First report as a listed company on Spotlight Stock Market, following an acquisition and new group structure.

• Focus on building and implementing micro grids with battery and solar technology; several project permits secured.

• Ongoing energy production in Uppsala; most projects to be completed in 2025.

• Name changed to Suntrade Group AB; company approved for relisting and published relisting memorandum.

• New CEO Daniel Hedström appointed October 31, 2024, in connection with the acquisition.

Financial highlights

• Net sales for Q1 2024/2025: SEK 363,692, reflecting the new business segment.

• EBITDA: SEK -891,960; Adjusted EBITDA (excluding acquisition and legacy costs): SEK -522,331.

• Result after financial items: SEK -1,411,841.

• Balance sheet total: SEK 12,681,640; equity ratio: 44.7%.

• Earnings per share: SEK 0.00.

Outlook and guidance

• No significant revenue increase in Q1; majority of projects expected to be finalized in 2025.

• Positive outlook due to strong demand for renewable energy, especially from data centers and AI-driven applications.

• Company aims to establish a sustainable and profitable business model.