SAF Tehnika (SAF1R) Q1 24/25 earnings summary

Executive summary

• Net turnover for Q1 2024/2025 was EUR 8.53 million, a 58% increase year-over-year.

• Net profit reached EUR 814 thousand, reversing a loss of EUR 1.47 million in Q1 2023/2024.

• Sales in North and Latin America grew 51% to EUR 4.7 million, representing 56% of turnover.

• European sales rose 1.2x to EUR 3.3 million (39% of turnover); Asia, Africa, and Middle East sales declined to 5%.

• Products sold in 65 countries; several previously delayed projects were completed.

Financial highlights

• EBITDA for Q1 2024/2025 was EUR 1.3 million (15% margin), up from negative EUR 1.1 million.

• EBIT was EUR 900 thousand (11% margin), compared to negative EUR 1.47 million.

• Net cash flow was EUR 1.75 million; cash balance at period end was EUR 3.97 million.

• Total assets stood at EUR 24.2 million; owners' equity at EUR 17.2 million.

• Earnings per share improved to EUR 0.27 from EUR -0.50 year-over-year.

Outlook and guidance

• No major changes expected in the microwave radio market in the near term.

• Ongoing uncertainty in the business environment due to global events; cost increases monitored.

• Focus remains on product development, market research, and IoT solutions to diversify revenue.

• Board refrains from providing specific sales and performance forecasts.