In This Article:
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Orders Received: Just over SEK1.5 billion, a slight reduction from Q1 last year.
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Sales: SEK1.406 billion, unchanged from last year (currency neutral).
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EBITDA: SEK143 million, down from SEK174 million last year.
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Earnings Per Share: SEK1.69, down from SEK2.57 last year.
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Cash Flow from Operations: Positive SEK15 million, significantly down from last year.
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Net Debt: Increased by approximately SEK130 million to SEK140 million (excluding IFRS 16).
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Extraction and Filtration Technology Orders: SEK684 million, up 10.7% from last year.
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Process Technology Orders: SEK344 million, down nearly 30% currency neutral from last year.
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Duct and Filter Technology Orders: SEK224 million, up 19% from last year.
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Monitoring and Control Technology Orders: SEK249 million, up 6.6% from last year.
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Monitoring and Control Technology Sales: SEK198 million, up 5.8% from last year.
Release Date: April 25, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Nederman Holding AB (FRA:5QR) reported strong order intake in three out of four divisions, with two divisions achieving record quarters.
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The company finalized the acquisition of Euro-Equip, strengthening its position in the foundry and metal recycling markets.
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The extraction and filtration technology division saw its strongest ever orders received, particularly in America.
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Duct & Filter Technology division experienced sharply improved sales and strong profitability, with a 19% increase in order intake.
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Monitoring and control technology division achieved a new record order intake for a single quarter, with profitability clearly up versus Q1 last year.
Negative Points
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Overall EBITDA was down by SEK31 million compared to the previous year, impacted by currency fluctuations and acquisition expenses.
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The process technology division experienced a significant decline in order intake, down nearly 30% currency neutral compared to Q1 2024.
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Cash flow from operations was significantly lower than the previous year, primarily due to reduced order intake in process technology.
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Net debt increased by approximately SEK130 million, influenced by recent acquisitions including Euro-Equip.
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Political uncertainty and tariffs are expected to negatively affect order intake in the coming quarters, creating a volatile market environment.
Q & A Highlights
Q: As you mentioned in the report, it is expected that the growing political uncertainty will have a negative effect on order intake in the coming quarters. Can you comment on the current trend or activity levels at the end of Q1 and the beginning of Q2? A: Sven Kristensson, CEO: The quarter started slow with turmoil in February but saw a good bounce back in March. Order intake remains volatile. While some divisions like MCT and duct and filter are performing well, others like PT have suffered due to delays in large projects. We maintain price discipline and expect a rebound later, though the next two quarters may be volatile due to ongoing uncertainties.