TCECUR Sweden (TCC) Q2 2025 earnings summary

Executive summary

• Majority of subsidiaries showed stable development and good profitability, but a few continue to face profitability challenges, impacting group results below financial targets.

• Integration of Sectragon into AWT aims to enhance competitiveness, efficiency, and profitability.

• Order backlog increased to 214.5 MSEK (194.4), with recurring revenues rising to 70.6 MSEK (65.4), now 13.0% of total.

Financial highlights

• Q2 2025 net sales: 141.4 MSEK (145.0), organic growth -2.4% (3.0%).

• EBITA: 1.6 MSEK (1.2), margin 1.1% (0.8%).

• Net result after tax: -18.7 MSEK (-2.0), impacted by a 20.3 MSEK impairment of intangible assets.

• Operating cash flow improved to 3.0 MSEK (1.8).

• H1 2025 net sales: 277.7 MSEK (302.6), EBITA: 6.6 MSEK (4.5), margin 2.4% (1.5%).

Outlook and guidance

• Stable demand and good profitability in most subsidiaries; focus remains on growth and leveraging market positions.

• Significant measures underway to improve governance, reduce capital tie-up, and lower costs, especially in Security Systems.

• Continued focus on operational efficiency and financial stability across all units.