Dlaboratory Sweden (DLAB) Q1 2025 earnings summary

Executive summary

• Q1 2025 marked by strong customer engagement, new business wins, and increased visibility in the power grid sector.

• Expansion into Norway with first order and continued growth in Sweden; SLB subsidiary secured a new network area with Ellevio.

• Recurring revenues strengthened by new installations and 0% churn since 2010, reflecting a robust SaaS model.

• dLab named finalist for Svenska Energipriset, highlighting innovation and sustainability focus.

Financial highlights

• Net sales for the group were 6,660 KSEK, down 7% year-over-year from 7,176 KSEK.

• EBITDA was -4,510 KSEK, a 35% decline from -3,351 KSEK in Q1 2024.

• Net result after tax was -5,179 KSEK, compared to -4,116 KSEK last year.

• Cash and cash equivalents at period end were 6,412 KSEK, down from 14,093 KSEK a year earlier.

• Equity ratio decreased to 29% from 47% at the end of Q1 2024.

Outlook and guidance

• Management expects continued growth, leveraging a scalable business model and strong product portfolio.

• Focus remains on Swedish market with ongoing international expansion, especially in the Nordics.

• Recurring revenues, technical relevance, and high customer satisfaction seen as key growth drivers.