Acconeer (ACCON) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 2025 were KSEK 10,535, down 30% year-over-year, impacted by a weaker USD and lower automotive sales.

• Gross margin on sales of goods was 60% in Q2, with 200,000 sensors sold and 13 new customer product launches.

• Result after taxes for Q2 was KSEK -8,133, with EPS of SEK -0.11; cash flow from operating activities was KSEK -7,508.

• Several large orders were received in level measurement and cargo tracking, including a SEK 3.3 million order from Digital Matter.

Financial highlights

• Q2 net sales: KSEK 10,535 (Q2 2024: 15,138); H1 net sales: KSEK 24,144 (H1 2024: 26,436).

• Q2 gross margin on sales of goods: 60% (Q2 2024: 61%); H1: 61% (H1 2024: 59%).

• Q2 operating result: KSEK -8,260 (Q2 2024: -7,232); H1: KSEK -15,267 (H1 2024: -15,073).

• Cash and cash equivalents at period end: KSEK 69,570 (Q2 2024: 109,017).

• Equity ratio at 93% (Q2 2024: 83%).

Outlook and guidance

• Gradual improvement in automotive sales expected from Q3 2025 as new car models ramp up.

• Financial targets remain: first EBIT positive quarter in 2025, cash flow positive in 2026, revenues over SEK 300 million in 2027, long-term EBIT margin of at least 25%.

• Continued focus on level measurement, presence detection, and cargo tracking with strong customer interest.