Malmbergs Elektriska (MEAB) Q2 2025 earnings summary

Executive summary

• Revenue for January–June 2025 was 222,980 kkr, down from 253,476 kkr year-over-year.

• Operating result was -15,972 kkr, compared to -15,495 kkr last year.

• Net result after tax was -19,458 kkr, versus -15,318 kkr year-over-year.

• Cash flow from operating activities improved to 31,485 kkr from -4,397 kkr.

• Market conditions remained challenging, with stable but cautious demand in Sweden and Finland, and weaker activity in Norway and Denmark.

Financial highlights

• Revenue declined 12% year-over-year for the half-year period.

• Operating margin was -7.2% versus -6.1% last year.

• Earnings per share was -2.43 kr, down from -1.91 kr.

• Return on equity was -8.8% compared to -4.2% last year.

• Solid equity ratio at 67.8%, up from 67.2% year-over-year.

Outlook and guidance

• Continued focus on efficiency, cost control, and operational improvements.

• Management sees strong internal engagement and aims for profitable growth despite market headwinds.