Sweden · Delayed Price · Currency is SEK eEducation Albert AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw a 16% revenue decline due to divestment and currency effects, but cash reserves reached a yearly high after strong cash flow. Strategic marketing investments and improved operational efficiency set the stage for sequential growth and positive full-year EBITDA.
Fiscal Year 2025
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Two consecutive quarters of positive EBITDA and a leaner cost base mark a successful turnaround, with full-year revenue at SEK 161 million and positive operating cash flow. Focus shifts to profitable growth, increased marketing investment, and leveraging a strong cash position.
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Achieved first positive adjusted EBITDA of SEK 3 million in Q3 2025 after restructuring and cost reductions. Stable net revenue and strong cash position support a shift to disciplined, profitable growth, with core brands driving future investments.
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Q2 saw decisive restructuring, including a SEK 25 million cost savings program and a shift to a decentralized model. Revenue declined year-over-year due to weak U.S. B2B sales, but cost measures are expected to support a return to profitability and positive cash flow by 2026.
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Q1 2025 saw lower sales but improved EBITDA and positive cash flow, with B2C stable and B2B impacted by U.S. market uncertainty. Leadership transition is complete, and a strategic review is underway to focus on profitability and operational simplification.
Fiscal Year 2024
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2024 was a year of restructuring and cost reduction, with strong Q4 sales momentum and expansion into new markets. The group targets positive EBITDA in 2025 and positive cash flow in 2026, supported by stable gross margins and focused investments in high-performing brands.
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Q3 saw invoiced sales rise 11% year-over-year, driven by strong B2C and B2B momentum, though net revenue fell 5% due to delayed recognition. EBITDA was SEK -8 million, reflecting higher marketing spend and restructuring, with a clear path to profitability in 2025.
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Organic growth returned in Q2, led by strong U.S. B2B sales and successful restructuring, nearly reaching break-even EBITDA. Cash flow was negative due to royalty payments, but strategic focus remains on profitability and scaling high-performing products in core markets.