DevPort (DEVP) Q2 2025 earnings summary

Executive summary

• Net sales decreased by 16.9% to 117.5 MSEK in Q2 2025 and by 17.0% to 237.8 MSEK for H1 2025 compared to the same periods last year.

• Operating profit before items affecting comparability fell to 2.5 MSEK (2.2% margin) in Q2 and 7.7 MSEK (3.2% margin) for H1.

• Net income was -0.1 MSEK in Q2 and 2.6 MSEK for H1, with EPS at -0.01 SEK and 0.25 SEK, respectively.

• The company faced a weak market, especially in the automotive sector, leading to staff reductions and restructuring costs.

• No significant events occurred during Q2, but after the period, both the CFO and CEO announced their departures.

Financial highlights

• Q2 net sales: 117.5 MSEK (-16.9% YoY); H1 net sales: 237.8 MSEK (-17.0% YoY).

• Q2 operating profit before comparability items: 2.5 MSEK (2.2% margin); H1: 7.7 MSEK (3.2% margin).

• Q2 net income: -0.1 MSEK (-0.1% margin); H1 net income: 2.6 MSEK (1.1% margin).

• Cash and cash equivalents at quarter-end: 46.1 MSEK; unused credit facilities: 50.0 MSEK.

• Equity at quarter-end: 125.3 MSEK; equity ratio: 47.1%.

Outlook and guidance

• The company continues to focus on cost adaptation and efficiency improvements.

• Strategy remains to be a leading technology consultancy in development-intensive industries, with growth targeted outside the automotive sector.

• Financial position is strong, enabling investments and potential acquisitions.