Sweden · Delayed Price · Currency is SEK Nilörngruppen AB Earnings Call Transcripts
Fiscal Year 2026
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Order intake and sales declined year-over-year due to currency effects and delayed orders, but gross margin improved from product mix and in-house production. Investments in new markets and sustainability initiatives continue, with a strong balance sheet supporting future growth.
Fiscal Year 2025
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Order income was flat after adjusting for a large packaging order and currency effects, while sales declined 6% year-over-year but surpassed SEK 1 billion on a currency-adjusted basis. Operating profit fell due to non-recurring costs, and the group remains focused on digital and production investments.
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Q3 delivered strong sales and operating profit, driven by outdoor and other segments, while luxury remained weak. Investments in factory upgrades, digital solutions, and international expansion continue, with a focus on M&A and sustainability.
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Q2 results were impacted by currency headwinds, with sales down 10% and operating profit falling to SEK 16 million. Outdoor segment performed well, but luxury and packaging lagged; investments continue in Bangladesh and the U.S. to drive future growth.
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Order income grew 15% and sales rose 7% year-over-year, driven by a strong rebound in the outdoor segment and improved gross margins. Major investments are underway in Bangladesh and Portugal, with a continued focus on digital solutions and operational efficiency.
Fiscal Year 2024
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Q4 sales rose 14% year-over-year, with operating profit more than doubling and strong performance in the outdoor segment. Investments in new factories and digital solutions are underway, while the dividend was increased but remains below the long-term payout target.
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Q3 saw strong order income growth and a record gross margin, despite a disruptive cyberattack that incurred SEK 4.4 million in costs. Investments in digital solutions and capacity expansion are ongoing, with improved security and a positive outlook for new business areas.
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Order income surged 24% and sales rose 40% year-over-year, driven by a rebound in outdoor and sports brands. Operating margin neared the 10% target, with strong order intake expected to benefit Q3 and Q4. Investments are planned in Bangladesh and Portugal.