SEHED Byggmästargruppen (SEHED) H2 2025 earnings summary

Executive summary

• Achieved stable results with growing order backlog, up by 478 MSEK year-over-year, and strong financials despite a weak construction market.

• All business segments reported positive results, with a focus on stability and strong finances over rapid growth.

• Notable expansion through acquisition of Henrik Eriksson Bygg AB, strengthening presence in Hälsingland.

Financial highlights

• Full-year net sales reached 1,748.2 MSEK, up from 1,722.1 MSEK year-over-year.

• EBIT for the year was 91.2 MSEK (5.2% margin), up from 89.0 MSEK.

• Net income after tax was 74.5 MSEK, compared to 69.8 MSEK the previous year.

• Earnings per share improved to 2.65 SEK from 2.49 SEK.

• Cash flow from operations after working capital changes was 87.5 MSEK, up from 44.4 MSEK.

Outlook and guidance

• Order backlog at year-end was 2,356 MSEK, up 478 MSEK year-over-year, with additional new orders exceeding 500 MSEK in early 2026.

• Positive outlook for growth opportunities, especially in the ROT segment and new production as market conditions improve.

• Board proposes a 25% dividend increase to 1 SEK per share.