Transtema Group (TRANS) Q1 2025 earnings summary

Executive summary

• Net sales increased by 19.6% year-over-year to SEK 597.4 million, driven by strong organic growth in Sweden, while Norway saw a slower recovery.

• Adjusted EBITA reached SEK 16.2 million (margin 2.7%), up from SEK 2.9 million (margin 0.6%) last year, with profitability mainly from Swedish operations.

• Cash flow from operating activities was negative at SEK -14.5 million, mainly due to seasonal working capital effects from new project startups.

• Strategic milestones included launching service and maintenance operations across Norway and establishing a new business area in electrical and energy solutions.

Financial highlights

• EBITDA was SEK 37.9 million (6.3% margin), up from SEK 20.6 million (4.1%) year-over-year.

• EBITA improved to SEK 14.8 million (2.5% margin) from SEK -4.2 million (-0.8%) year-over-year.

• Net result attributable to shareholders was SEK -0.7 million, up from SEK -13.7 million last year.

• Earnings per share before dilution from continuing operations was SEK 0.06 (last year: -0.37).

• Solid equity ratio at 36.2% (last year: 33.9%).

Outlook and guidance

• Management sees continued strong growth prospects in Sweden, supported by new and existing contracts.

• Norwegian market remains cautious, but sequential improvement is noted; restructuring and profitability measures are ongoing.

• Long-term strategy targets Nordic market leadership by 2030, with expansion into energy solutions and broader service offerings.