Synexo Group (SYNEXO) Q1 2025 earnings summary

Executive summary

• Net sales increased to KSEK 3,749 in Q1 2025 from KSEK 2,846 year-over-year, but the group posted a net loss of KSEK -3,560, slightly higher than last year.

• The company changed its name from LC-Tec Holding AB to AB Sperrung and completed a new share issue in its main subsidiary.

• Key product developments include a collaboration with KipperTie for electronic ND filters and a significant order from a US MedTech company.

• The group is focusing on cost control, external manufacturing, and seeking strategic partners or new owners.

• No legal disputes or regulatory proceedings are ongoing.

Financial highlights

• Net sales: KSEK 3,749 (Q1 2025) vs. KSEK 2,846 (Q1 2024); net result: KSEK -3,560 vs. KSEK -3,281.

• Cash flow from operations: KSEK -836 (Q1 2025) vs. KSEK -1,577 (Q1 2024).

• Equity at period end: KSEK 613 (Q1 2025) vs. KSEK 260 (Q1 2024); soliditet 5% (Q1 2025) vs. 2% (Q1 2024).

• No investments in tangible or intangible assets during the quarter.

• Cash and bank balances: KSEK 544 at March 31, 2025.

Outlook and guidance

• Board sees strong future prospects due to product progress and ongoing investments in sales, production, and development.

• No formal forecast is provided for the coming period.

• Focus remains on cost control, external manufacturing, and seeking strategic partners.