Doosan Skoda Power s.r.o (DSPW) Q1 2025 earnings summary
Event summary combining transcript, slides, and related documents.
Q1 2025 earnings summary
12 Sep, 2025Executive summary
Q1 2025 consolidated revenues reached CZK 1.04 billion, maintaining a similar level and stream structure as Q1 2024.
Main revenue contributions came from projects in Poland, Botswana, Saudi Arabia, and Kazakhstan.
Order backlog increased by 14.8% year-over-year to CZK 9.2 billion, driven by new contracts in Finland, Botswana, USA, and Saudi Arabia.
Financial highlights
EBITDA for Q1 2025 was CZK 27 million, down from CZK 89 million in Q1 2024, mainly due to lower exchange gains.
Net income decreased, impacted by exchange rate losses and lower interest income.
Free cash flow was negative at CZK -294 million in Q1 2025, compared to CZK -39 million in Q1 2024.
Outlook and guidance
Order backlog growth signals strong future revenue streams, supported by new international contracts.
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