edyoutec (WIG) Q1 2025 earnings summary

Executive summary

• Net sales increased to 4,829 TSEK in Q1 2025 from 3,658 TSEK year-over-year, mainly driven by German operations.

• EBITDA turned positive at 314 TSEK versus -259 TSEK in Q1 2024, with German subsidiaries contributing 1.2 MSEK.

• Net result after financial items was -6,136 TSEK, down from -3,218 TSEK, mainly due to higher depreciation from acquisitions and currency effects.

• Strategic focus on international expansion, especially in the UAE and Brazil, with strong app download growth (240,000 in Q1).

• Cost reductions and operational efficiencies have started to yield results, with further optimization expected in Q2 2025.

Financial highlights

• Net sales: 4,829 TSEK (Q1 2025) vs. 3,658 TSEK (Q1 2024).

• EBITDA: 314 TSEK (Q1 2025) vs. -259 TSEK (Q1 2024); EBIT: -2,875 TSEK vs. -2,961 TSEK.

• Net result: -6,136 TSEK (Q1 2025) vs. -3,218 TSEK (Q1 2024).

• Cash flow for the period: -190 TSEK vs. -1,442 TSEK year-over-year.

• Investments: -111 TSEK (Q1 2025) vs. -362 TSEK (Q1 2024).

Outlook and guidance

• Management expects continued efficiency gains and cost optimization to be completed in Q2 2025.

• Strategic investments in marketing and sales, especially in the UAE, are expected to accelerate growth.

• Targeting increased average revenue per app download to 9 SEK.