Quant (QUANT) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 decreased to EUR 32.0 million from EUR 44.0 million year-over-year, reflecting a -26.6% organic decline due to the loss of two major contracts, partially offset by new wins and upselling.

• Operating profit was EUR -0.3 million, down from EUR 0.9 million in Q1 2024, mainly due to lower gross profit.

• Adjusted EBITDA (excluding IFRS 16) was EUR 0.5 million, compared to EUR 3.1 million prior year.

• Net loss narrowed to EUR -1.6 million from EUR -2.5 million, aided by reduced interest expenses following refinancing.

• Contract portfolio value increased by EUR 3.2 million, with one contract won, one renewed, and one lost.

Financial highlights

• Gross profit for the quarter was EUR 4.4 million, down from EUR 6.3 million year-over-year.

• Cash flow from operating activities was EUR -3.2 million, compared to EUR -1.9 million in Q1 2024, mainly due to increased operational receivables.

• Net debt reduced significantly to EUR 13.5 million from EUR 79.4 million year-over-year.

• Net debt/Adjusted EBITDA improved to 2.7x from 11.2x at the end of 2024.

• Earnings per share was EUR -0.32, compared to EUR -0.50 in Q1 2024.

Outlook and guidance

• Management is focused on long-term growth, expanding the service portfolio, and leveraging new offerings to strengthen revenue and market position.

• Contract renewals and transitions are expected to continue as part of the business model, with performance best assessed over the long term.