SolTech Energy (SOLT) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was SEK 446.2 million, down 13% year-over-year due to weak market conditions and seasonal effects.

• EBITDA was SEK -10.4 million, with a margin of -2.3%, and EBITA was SEK -26.3 million.

• Cost-saving and efficiency measures are underway, with full effects expected from Q2 2025 onward.

• Major projects included Mallorca's largest floating solar plant and battery installations in Sweden.

• The company maintains a broad business base with integrated solutions in solar, roofing, façade, and electrical technology.

Financial highlights

• EBITDA improved by over SEK 20 million year-over-year when adjusted for revaluation effects.

• EBITA for Q1 2025 was SEK -26.3 million, compared to SEK -15.1 million last year.

• Cash flow from operations was negative at SEK -75.6 million; total cash flow for the period was SEK -111.7 million.

• Net sales for the last 12 months totaled SEK 2.3 billion, slightly lower than the previous year.

• Result per share was -0.36 SEK, and equity ratio was 36%.

Outlook and guidance

• External forecasts indicate the construction sector has passed its weakest point, with improved conditions and interest rate cuts expected.

• Focus remains on profitability, cost adjustments, efficiency, and pricing to strengthen margins.

• Long-term demand for solar energy and energy storage remains strong, supported by EU requirements and electrification trends.

• The company maintains its 2028 financial target: 8 BSEK in revenue and 10% EBITA margin.