Tura Group (TURA) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was 190.8 MSEK, down 5.1% year-over-year, reflecting cautious demand in key markets.

• Gross profit was 32.4 MSEK (17.0% margin), impacted by adverse currency effects and inventory write-downs.

• EBITDA was -1.4 MSEK (-0.7% margin), a decline from 2.2 MSEK (1.1%) in Q1 2024, mainly due to lower gross profit.

• Net result was -5.3 MSEK (-0.11 SEK per share), compared to -2.7 MSEK (-0.06 SEK) last year.

• Cash flow from operations was -21.4 MSEK, mainly due to payments for acquisitions.

Financial highlights

• Revenue decreased to 190.8 MSEK from 201.0 MSEK year-over-year.

• Gross margin declined to 17.0% from 17.4% year-over-year.

• EBITDA margin fell to -0.7% from 1.1% year-over-year.

• Equity at period end was 268.0 MSEK; liquidity including unused credit was 70.9 MSEK.

• Investments in equipment totaled 1.4 MSEK; goodwill from acquisitions increased.

Outlook and guidance

• Targeting 10–15% annual growth, both organic and via acquisitions.

• Aims for an average EBITDA margin of ~8% through scale and productivity improvements.

• Own brands expected to support margin expansion, though currently a small share of sales.