FamiCord (V3V) Q1 2025 earnings summary

Executive summary

• Revenue grew 19.0% year-over-year to EUR 22.1 million, driven by optimized contracts and increased demand despite declining birth rates.

• EBITDA rose 76.3% to EUR 2.7 million, reflecting cost discipline and investments in sales and marketing.

• Net income remained negative at EUR -0.7 million, impacted by currency effects and hyperinflation in Turkey.

• The company maintained a solid financial position and confirmed its full-year 2025 guidance.

Financial highlights

• Gross profit increased 25.3% year-over-year to EUR 8.7 million, with a gross margin improvement.

• EBIT turned positive at EUR 0.6 million, up from EUR -0.7 million in Q1 2024.

• Earnings per share improved to EUR -0.04 from EUR -0.05 year-over-year.

• Operating cash flow was EUR 1.3 million, down from EUR 4.0 million due to contract structure changes.

• Cash and cash equivalents increased slightly to EUR 17.1 million.

Outlook and guidance

• Full-year 2025 revenue expected between EUR 85–95 million and EBITDA between EUR 8.7–10.3 million.

• Growth in new storages and customer contracts anticipated despite challenging market conditions.

• Capital expenditure to be lower than 2024, with continued focus on earnings and liquidity.

• Forecast assumes stable exchange rates and excludes potential acquisitions.