Sustainion (SUSG) Q1 2025 earnings summary

Executive summary

• Net sales reached 109,993 TSEK for Q1 2025, up 187.5% year-over-year, with 29.1% organic growth, driven by the full inclusion of Skårebo Energi AB.

• EBITDA was 8,813 TSEK (8.0% margin), up from 2,346 TSEK (6.1%), while EBIT improved to 5,006 TSEK from -1,595 TSEK.

• Net income for the period was 1,317 TSEK, compared to -2,403 TSEK in Q1 2024; EPS was 0.01 SEK (vs. -0.01 SEK).

• Strategic acquisition of Skårebo Energi AB contributed significantly to growth; Skårebo now accounts for over half of group sales.

Financial highlights

• Cash flow from operations was -4,285 TSEK, mainly due to increased inventory; cash and equivalents at period end were 11,537 TSEK.

• Net debt/EBITDA (proforma R12) improved to 2.1x from 4.2x year-over-year.

• Equity increased to 125,224 TSEK, with a strengthened equity ratio of 33.8% (up from 27.3%).

• Rights issue in Q1 2025 raised 14.9 MSEK before costs, supporting the Skårebo acquisition.

Outlook and guidance

• Management expects continued growth and expansion into new markets, with a positive outlook for coming quarters.

• No formal forecasts provided; outlook subject to market, regulatory, and economic changes.