CombinedX - A group of technology-focused IT service companies from Sweden

Q1.

A decent result against a strong comparison period. EBITA margin was 11.4%. Revenue grew by 6.5%.

https://www.combinedx.com/globalassets/dokument/kvartalsrapporter/2025/combinedx-q1-2025-ver-20-final.pdf

Interim Report Q1 2025
First quarter, January 1 – March 31
• Net sales were 239.2 (224.7) MSEK
• Growth was 6.5% (7.5%) with organic growth of -4.9% (-1.4%)
• EBITA amounted to 27.3 (25.0) MSEK and EBITA margin was 11.4% (11.1%)
• Adjusted EBITA amounted to 27.3 (27.4) MSEK and adjusted EBITA margin was 11.4% (12.2%)
• Profit before tax was 21.2 (22.0) MSEK
• Cash flow from operating activities was 16.1 (31.9) MSEK
• Earnings per share before dilution amounted to 0.95 (1.02) and earnings per share after dilution was 0.95 (1.00) SEK

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