Nordic Flanges Group (NFGAB) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2025 was 60.3 MSEK, a 3.8% decrease year-over-year, mainly due to weaker sales in the Finnish segment and lower market activity in some areas.

• Strategic restructuring included management changes, cost reductions, and a shift to a more decentralized organization.

• OEM sales, especially in the marine sector, doubled year-over-year, supporting the focus on long-term OEM partnerships.

• The US sales subsidiary is being closed due to adverse tariff conditions, with a renewed focus on European markets.

Financial highlights

• Q2 2025 revenue: 60.3 MSEK (62.7 MSEK in Q2 2024), down 3.8% year-over-year.

• EBITDA: 1.5 MSEK (2.4 MSEK), EBITDA margin 2.5% (3.8%).

• EBIT: -1.4 MSEK (-0.6 MSEK), EBIT margin -2.3% (-1.0%).

• Net result: -4.4 MSEK (-2.1 MSEK), EPS: -1.92 SEK (-1.82 SEK).

• Operating cash flow: -1.3 MSEK (-6.1 MSEK).

Outlook and guidance

• Continued focus on operational efficiency, cost control, and capital release to strengthen financial position.

• Ongoing investments in automation and technology to improve productivity and competitiveness.

• Anticipated annual cost savings of 15 MSEK from restructuring, with one-time costs of 5 MSEK.

• Positive outlook for OEM business in Europe, especially in marine and technology segments.