Rias (RIAS) Q2 24/25 earnings summary

Executive summary

• Revenue for H1 2024/25 reached DKK 137.8 million, up DKK 1.3 million year-over-year, driven by higher sales volume despite lower price levels.

• Building & Construction Division performed above last year and budget, while Industry Division saw increased demand but lower prices due to competition.

• Strategic investments in warehouse efficiency, administration, and green transition (solar panels, electric vehicles) continued as planned.

• Earnings remained stable but below internal budget, impacted by inflationary pressures on freight, maintenance, and personnel.

• Digitalization and transparency initiatives are progressing, supporting operational agility and long-term value creation.

Financial highlights

• Net profit for H1 2024/25 was DKK 0.6 million, down from DKK 0.8 million in H1 2023/24.

• Gross profit was DKK 43.9 million, slightly below last year’s DKK 44.2 million; gross margin improved to 32% from 31%.

• Adjusted EBIT guidance for the full year remains DKK 16–18 million.

• Cash flow from operating activities was negative at DKK -11.9 million, compared to DKK -5.6 million last year.

• Equity at period end was DKK 184.3 million, up from DKK 179.5 million a year earlier.

Outlook and guidance

• Full-year adjusted EBIT guidance maintained at DKK 16–18 million, reflecting confidence in strategic direction.

• Management expects stronger sales and activity in the second half, despite ongoing inflationary pressures and selective investment climate.