Financial statement release is out. Phew, first the most important: no dividend. Otherwise, somewhat lackluster growth in Q4, as with the whole year. Q4 was a record quarter in sales, though.
Q4 | 2025-10-01-2025-12-31
- Net sales amounted to 18,170 (17,119) KSEK, an increase of 6.1 percent.
- EBIT amounted to 1,675 (2,888) KSEK, with an EBIT margin of 9.2 percent.
- Net profit amounted to 4,536 (2,339) KSEK.
- Earnings per share for the fourth quarter amounted to 0.41 (0.22) SEK.
FY | 2025-01-01-2025-12-31
- Net sales for the year amounted to 64,847 (62,423) KSEK, an increase of 3.9 percent.
- EBIT for the year amounted to 8,754 (16,284) KSEK, with an EBIT margin of 13.5 percent.
- Net profit amounted to 9,789 (13,454) KSEK, a decrease of 27.2 percent.
- Earnings per share for the year amounted to 0.88 (1.29) SEK.
- At the end of the year equity/asset ratio was 92 (89) percent.
- Total cash and cash equivalents amounted to 65,149 (33,982) KSEK.
- The Board of Directors proposes that no dividend be paid for the financial year 2025.
Chart from the report itself:
Profitability is taking a hit from growth investments and a weaker dollar. Expenses are in krona.
Apparently demand is stable, but decision-making is slower. I have definitely heard this often. 
“Our pipeline remains stable, and we continue to see broad interest across our application areas. We have observed no structural loss of business but rather shifts in purchasing decisions and project timing. Accordingly, our efforts have focused on improving conversion rates and shortening lead times where possible, while maintaining quality and customer outcomes.”
Anyway, progress continues.