Tempcon (TEMPCON) Q2 2025 earnings summary

Executive summary

• Achieved stable performance in H1 2025, with modest growth despite a 2% decline in price-adjusted sales in the grocery retail sector.

• Continued strategic shift to subcontracted haulage, transferring drivers and vehicles while retaining customer contracts and revenue.

• Expanded frozen storage capacity at Syd Frys, doubling pallet spaces and improving efficiency with solar panels.

• Maintained all ISO certifications and achieved BRCGS certification for Syd Frys.

• Updated climate strategy with new SBTi-aligned targets and CSRD-compliant reporting.

Financial highlights

• Net sales for Q2 2025 were SEK 789.0 million, nearly flat year-over-year; adjusted for lower fuel surcharges, sales rose 2.3% (0.2% organic).

• EBITDA excluding items affecting comparability was SEK 56.6 million (Q2), margin 7.2% (7.1%).

• H1 2025 net sales reached SEK 1,548.2 million, up 2.5% year-over-year; adjusted growth 4.3% (2.1% organic).

• Cash flow from operating activities was SEK 23.2 million in Q2, down from SEK 51.4 million last year due to reversed working capital effects.

• Net profit for Q2 was SEK 2.7 million, and SEK 11.1 million for H1 2025.

Outlook and guidance

• Anticipates high sales activity in Q3, with several major customer proposals pending and contract renewals underway.

• Strategic projects in production and organization expected to drive long-term efficiency and coordination.