Norditek Group (NOTEK) Q1 2025 earnings summary

Executive summary

• Revenue increased by 21.6% year-over-year to 25,016 TSEK for Q1 2024/25, driven by strong project deliveries and record-high rental utilization.

• EBITA margin rose to 26.8% (15.2% last year), with EBIT at 5,677 TSEK and net income at 3,912 TSEK, reflecting improved operational efficiency.

• No significant events occurred during or after the period.

Financial highlights

• Net sales: 25,016 TSEK (up from 20,577 TSEK), with rental income comprising 30.3% of total sales (16.1% last year).

• EBITA: 6,704 TSEK (3,120 TSEK last year); EBIT: 5,677 TSEK (2,093 TSEK); Net income: 3,912 TSEK (664 TSEK).

• Earnings per share: 0.31 SEK (0.05 SEK last year).

• Operating cash flow: -5,662 TSEK (5,048 TSEK last year), mainly due to increased accounts receivable and lower payables.

• Liquidity at period end: 2,258 TSEK, with 10,000 TSEK in unused credit lines.

Outlook and guidance

• Order intake and quotation stock increased, supporting the likelihood of meeting financial targets for the year.

• Management expresses a positive outlook, citing high activity and strong rental demand.