Mysafety Group (SAFETY) Q1 2025 earnings summary

Executive summary

• Sales increased by 11.1% year-over-year to SEK 84.2m, with a turnaround to profit at all levels; net income reached SEK 0.8m compared to a loss of SEK -20.0m last year.

• EBITDA improved to SEK 14.7m from SEK -7.5m, and operating income (EBIT) was SEK 3.9m versus SEK -18.3m.

• Strong cash flow from operations, reflecting the improved results, with cash flow from operations at SEK 13.4m compared to SEK -14.1m.

• The efficiency program initiated in 2024 is delivering results, with further cost savings expected as new systems are rolled out.

Financial highlights

• Revenue: SEK 84.2m (SEK 75.8m Q1 2024), up 11.1% year-over-year.

• EBITDA: SEK 14.7m (SEK -7.5m Q1 2024); EBITDA margin 17.5% (-9.9%).

• Operating income (EBIT): SEK 3.9m (SEK -18.3m Q1 2024); EBIT margin 4.6% (-24.2%).

• Net income: SEK 0.8m (SEK -20.0m Q1 2024); EPS SEK 0.05 (-1.66).

• Cash and cash equivalents at period end: SEK 49.5m (SEK 16.1m Q1 2024).

Outlook and guidance

• The board reaffirms the 2027 financial targets: SEK 500m in revenue and 20% EBITDA margin.

• Ongoing transformation to SaaS-based systems expected to drive further cost savings and scalability.

• Focus remains on product portfolio concentration, larger partnerships, and sales growth.