Sweden · Delayed Price · Currency is SEK Mips AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 30% net sales growth and 25% organic growth, with strong performance across all categories and regions. Profitability improved, Adjusted EBIT margin reached 33%, and the Koroyd integration is progressing well. Legal costs and Forex headwinds remain key challenges.
Fiscal Year 2025
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Q4 and full-year organic growth reached 18% and 21% respectively, with strong gains in Europe and the US, and a strategic acquisition of Koroyd expected to drive further growth. Legal costs and FX headwinds impacted margins, but the outlook for 2026 remains positive.
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The acquisition brings together two innovation-driven safety brands, expanding the product portfolio into helmets, body protection, and gloves. The deal, valued at up to EUR 65 million, is expected to accelerate growth, leverage synergies in product development, and maintain both brands independently.
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Q3 2025 saw 19% organic growth, led by Europe’s 73% surge, while profitability improved underlying but was impacted by legal costs and Forex. U.S. and Asia remained soft, but market share gains continued. Outlook remains positive, with legal costs expected to decrease in 2026.
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Q2 saw 12% organic growth and strong gross margins, but EBIT declined due to legal costs and forex. Tariffs caused short-term volatility, yet all segments showed improvement by quarter-end, with long-term growth targets and positive outlook maintained.
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Q1 2025 saw 42% organic growth, strong results across all segments, and improved margins, despite tariff-driven uncertainty in the U.S. Legal costs from an IP dispute impacted OpEx, but long-term outlook and financial targets remain positive.
Fiscal Year 2024
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Q4 saw 58% net sales growth and a 260% EBIT increase, with strong results across all segments. The net sales target was extended to 2029 due to market challenges, but momentum remains robust, and all sustainability goals were met.
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Q3 saw 69% organic growth, strong EBITDA margin, and robust performance across all segments, with Europe recovering faster than North America. Strategic investments in R&D and marketing continue, while the safety segment is gaining traction, especially in the U.S.
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Q2 2024 saw 31% organic growth and strong gains across all segments, with bike and snow leading. Gross margin rose to 72.9% and EBIT margin to 38.9%. Gradual recovery is expected to continue, with robust cash position and ongoing investments in marketing and R&D.