Sweden · Delayed Price · Currency is SEK Desenio Group AB Earnings Call Transcripts
Fiscal Year 2025
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Net sales fell 10% year-over-year amid weak markets, but adjusted EBITDA margin improved to 10.4%. Major bond restructuring reduced interest expenses and improved financial flexibility, while regional sales trends varied, with Germany recovering and the UK lagging.
Fiscal Year 2024
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Net sales declined 8.6% year-over-year, but adjusted EBITDA rose 43% and margin nearly doubled to 20% due to efficiency gains and improved product mix. A major bond restructuring is underway, with a 75% write-off and 95% shareholder dilution, aiming to strengthen the capital structure.
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Net sales declined 15.6% year-over-year, but gross margin and adjusted EBITDA margin improved due to efficiency gains and favorable product mix. Ongoing refinancing discussions and challenging market conditions persist, with 2024 sales expected at the lower end of guidance.
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Net sales fell 10% year-over-year amid weak demand, but operational efficiencies boosted EBITDA by 31.5%. Cash flow was negative due to lower sales and interest payments, while refinancing options for a SEK 1.1 billion bond are being explored.