Diadrom (DIAH) Q1 2025 earnings summary

Executive summary

• Revenue declined 26.4% year-over-year to 13.1 MSEK in Q1 2025, mainly due to fewer consultants and lower demand.

• EBIT improved to -0.1 MSEK from -0.5 MSEK, with EBIT margin at -0.8% versus -2.7% last year.

• Net result after tax was -0.1 MSEK, up from -0.3 MSEK; EPS at -0.01 SEK.

• Cost reduction and organizational adaptation contributed to improved profitability despite lower sales.

• No significant events reported during or after the quarter.

Financial highlights

• Total costs decreased by 4.9 MSEK year-over-year, mainly from lower personnel expenses.

• Cash and cash equivalents at quarter-end were 6.1 MSEK, down 2.2 MSEK sequentially.

• Equity at period end was 8.6 MSEK; no dividend paid.

• Soliditet (equity ratio) at 42%, down from 53% a year ago.

• Average number of employees dropped to 29 from 58 year-over-year.

Outlook and guidance

• Demand in Q2 2025 expected to remain at the same low level as Q1.

• Larger new projects anticipated to start in Q3 or Q4; focus remains on extending current contracts.