Absolent Air Care Group (ABSO) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 2025 declined 14.4% year-over-year to SEK 314.4 million, with a 9.4% drop in local currencies, reflecting continued global market uncertainty and cautious customer behavior, especially in Industrial.

• Sequential growth in local currencies of 2.8% was achieved compared to Q1 2025, and market share is assessed as maintained in both business areas.

• Efficiency measures led to non-recurring costs of SEK 5.1 million in Q2, but adjusted EBITDA margin improved sequentially to 16.1%.

• New product launches in dust filters and TurboSwing filtration technology generated strong customer interest and are expected to support future growth.

• Appointment of Peter Unelind as new CEO, effective by January 2026, with interim leadership in place until then.

Financial highlights

• Q2 2025 net sales: SEK 314.4 million (down from SEK 367.4 million in Q2 2024); H1 2025 net sales: SEK 627.2 million (down from SEK 725.0 million in H1 2024).

• Q2 2025 EBITDA: SEK 45.4 million (margin 14.5%); adjusted EBITDA margin 16.1%. Q2 2025 EBIT: SEK 32.2 million (margin 10.2%); adjusted EBIT margin 11.9%.

• H1 2025 EBITDA: SEK 89.4 million (margin 14.2%); adjusted for non-recurring and currency effects, EBITDA margin 17.1%. H1 2025 EBIT: SEK 62.8 million (margin 10.0%).

• Q2 2025 EPS: SEK 1.71 (Q2 2024: SEK 3.56); H1 2025 EPS: SEK 2.84 (H1 2024: SEK 7.95).

• Cash flow from operating activities in Q2 2025: SEK 26.2 million (Q2 2024: SEK 53.2 million); H1 2025: SEK 52.8 million (H1 2024: SEK 63.8 million).

Outlook and guidance

• Cautious outlook for coming quarters due to persistent global uncertainty, inflation, and interest rate volatility.

• Continued focus on operational adjustments and efficiency to support sustainable growth and profitability.

• Long-term positive view on demand for clean air solutions in industry and commercial kitchens, supported by new product launches.