Vuxen Group (VUXEN) Q2 24/25 earnings summary

Executive summary

• Net sales increased by 6.3% to 53.1 MSEK in Q2 2024/25 compared to 50.0 MSEK last year, with a gross margin of 59.2% (57.6%).

• EBITDA for Q2 was 3.2 MSEK (5.5 MSEK), with an EBITDA margin of 5.9% (11.0%).

• The company saw a strong sales rebound in September and continued double-digit growth into Q3, driven by early and robust sales in key categories.

• Strategic focus on own brands and unique assortment maintained strong gross margins despite competitive pressures.

• Expansion into Germany via WooMe and positive growth in Poland support the diversification strategy.

Financial highlights

• Net sales for May–October 2024 rose 3.6% to 102.3 MSEK (98.7 MSEK), with a gross margin of 58.9% (57.0%).

• EBITDA for the six-month period was 7.0 MSEK (9.4 MSEK), with an EBITDA margin of 6.9% (9.5%).

• EBIT for Q2 was 1.4 MSEK (3.7 MSEK), with an EBIT margin of 2.6% (7.3%).

• Period result for Q2 was 1.1 MSEK (3.3 MSEK).

• Cash flow from operations May–October was 8.7 MSEK (4.5 MSEK).

Outlook and guidance

• Stronger growth expected in Q3, with double-digit sales increase noted in the first half of the quarter.

• Continued investments in technical infrastructure and product development planned for 2025 to support expansion and profitability.