Eagle Filters Group (EAGLE) Q1 2025 earnings summary

Executive summary

• Order intake surged 137% year-over-year to EUR 1.0 million, driven by Clean Energy business area.

• Revenue declined 66% to EUR 0.7 million due to timing of revenue recognition and delivery delays.

• EBITDA was EUR -0.9 million, and operating result was EUR -1.2 million, both negatively impacted by low revenue.

• Finished goods inventory increased as manufacturing output remained stable despite postponed deliveries.

• Awaiting confirmation of a >EUR 2.0 million order from an existing customer, potentially utilizing current inventory.

Financial highlights

• Order backlog at period end was EUR 1.6 million, down from EUR 2.0 million year-over-year.

• Net result for Q1 2025 was EUR -1.4 million; EPS was EUR -0.01.

• Fixed costs decreased by 3% year-over-year, but cost structure supports higher volumes.

• Net financial items increased to EUR -205 thousand from EUR -161 thousand year-over-year.

Outlook and guidance

• Long-term targets for Eagle Filters Oy: >30% average annual revenue growth and >20% EBITDA margin.

• Management does not expect current geopolitical instability to impact long-term targets.

• No short-term outlook published.