Green Cargo (GC) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 increased 1% to 1,093 MSEK compared to 1,082 MSEK in Q1 2024, despite a 5% drop in transport volumes.

• Operating result improved to -75 MSEK from -98 MSEK year-over-year, with net result at -65 MSEK versus -137 MSEK.

• Service quality, punctuality, and safety reached record levels, with a traffic safety index of 95.9.

• New and extended transport contracts worth 235 MSEK were signed, up 44% from the prior year.

Financial highlights

• Net sales: 1,093 MSEK (Q1 2025) vs 1,082 MSEK (Q1 2024).

• Operating result: -75 MSEK vs -98 MSEK; organic operating result: -128 MSEK vs -151 MSEK.

• Net result after tax: -65 MSEK vs -137 MSEK.

• EPS: -32.65 SEK vs -68.75 SEK.

• Cash flow from operations: -44 MSEK vs -153 MSEK.

• Gross investments: 52 MSEK vs 62 MSEK.

Outlook and guidance

• Continued focus on cost structure adaptation and efficiency to achieve long-term profitability.

• Macroeconomic uncertainty and weak industrial demand expected to persist, especially in automotive and steel.

• Ongoing efforts to improve punctuality, regularity, and customer satisfaction.