Hampiðjan (HAMP) Q1 2025 earnings summary

Executive summary

• Revenue increased by 17.4% year-over-year to €91.9m for Q1 2025, with EBITDA up 34.5% to €11.2m and net profit at €2.8m, slightly above last year.

• Acquisition of 75.1% in Kohinoor Ropes Pvt. Ltd. in February 2025 expands operations in India and broadens the value chain.

• Strategic shift to move production from Norway, Poland, and Lithuania to India, leveraging Kohinoor's facilities.

Financial highlights

• Revenue: €91.9m (Q1 2025) vs €78.3m (Q1 2024), up 17.4%.

• EBITDA: €11.2m vs €8.3m, up 34.5%.

• Net profit: €2.8m vs €2.7m.

• Gross margin: €25.0m vs €20.7m.

• EPS: 0.45 EUR cent vs 0.44 EUR cent.

Outlook and guidance

• Integration of Kohinoor Ropes expected to drive operational efficiencies and market expansion, especially in Asia, Middle East, and Chile.

• Production shift to India anticipated to reduce costs and improve access to new markets.