EasyFill (EASY) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 were 12,801 tkr, down 45.6% year-over-year; adjusted for divestments, sales declined 9.5%.

• EBITDA was -654 tkr compared to -102 tkr last year; net result after tax was -2,254 tkr versus -2,009 tkr.

• Focus shifted to core rotating shelf business after divesting Ebeco entities in September 2024.

• Strategic review initiated with Dahlgren Capital to strengthen global positioning.

Financial highlights

• Net sales: 12,801 tkr (23,537 tkr in Q1 2024); adjusted sales 14,160 tkr (15,519 tkr in Q1 2024).

• EBITDA: -654 tkr (-102 tkr in Q1 2024); net result after tax: -2,254 tkr (-2,009 tkr in Q1 2024).

• Cash and cash equivalents at March 31: 1,510 tkr (4,052 tkr last year).

• Equity at period end: 19,180 tkr (36,279 tkr last year).

• Inventory decreased to 13,051 tkr from 22,894 tkr, mainly due to divestments.

Outlook and guidance

• Increased demand for RotoShelf expected to support higher sales and improved margins.

• Anticipates higher activity for Enjoy Sales as high season begins in April.

• Strategic review aims to establish EasyFill as a global niche leader.