Nordic LEVEL Group (LEVEL) Q1 2025 earnings summary

Executive summary

• Net sales increased by 22% year-over-year to 110.0 MSEK in Q1 2025, driven by large projects in advanced security technology and advisory services.

• EBITDA improved to 0.6 MSEK from 0.1 MSEK, while EBIT remained negative at -3.6 MSEK compared to -3.4 MSEK last year.

• Net result after tax was -4.8 MSEK, down from 4.6 MSEK in Q1 2024, reflecting higher direct costs and onboarding expenses.

• Order intake declined 27% year-over-year to 86.1 MSEK, but the order backlog remains solid at 111.8 MSEK.

• The company strengthened its position in the datacenter, banking, recycling, and space sectors through new strategic contracts.

Financial highlights

• Net sales: 110.0 (90.2) MSEK, +22% year-over-year.

• EBITDA: 0.6 (0.1) MSEK; EBIT: -3.6 (-3.4) MSEK.

• Net result: -4.8 (4.6) MSEK; EPS: -0.02 (0.03) SEK.

• Cash flow from operations: -1.1 (-0.2) MSEK before working capital; -10.7 (-5.4) MSEK after working capital.

• Cash flow from financing: 6.1 (-5.7) MSEK; period-end cash: 3.8 (25.2) MSEK.

Segment performance

• Technology segment sales: 105.0 MSEK (+47% year-over-year); EBITDA: 5.6 (3.5) MSEK.

• Advisory segment sales: 5.1 MSEK (-1.0 MSEK year-over-year); EBITDA: 0.0 (-0.6) MSEK.

• Technology secured major contracts in datacenter, banking, recycling, and space sectors.