Sweden · Delayed Price · Currency is SEK Sensys Gatso Group AB Earnings Call Transcripts
Fiscal Year 2025
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Strong revenue and margin growth in 2025, with Q4 EBITDA up 52% year-over-year and robust order intake. 2026 guidance anticipates SEK 750–800 million revenue and 14–16% EBITDA margin, despite currency headwinds.
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Strong Q3 results featured a surge in order intake, high recurring revenue, and improved margins, driven by growth in core markets and large project backlogs. Strategic focus remains on expanding recurring revenue, operational efficiency, and clear investor communication.
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Q3 2025 delivered strong growth in order intake, revenue, and margins, led by core markets and a high share of recurring revenue. Full-year EBITDA guidance was raised, while revenue guidance remains at the lower end due to currency headwinds.
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Q2 2025 delivered 22% revenue growth and a 29% EBITDA increase, driven by strong project execution in core markets and stable recurring revenue. Guidance for 2025 is reaffirmed, with a focus on operational efficiency and navigating global uncertainties.
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Q1 2025 saw 22% revenue growth to SEK 152 million, driven by strong recurring revenue and expansion in the U.S., Saudi Arabia, and Australia. EBITDA more than doubled, but currency volatility and Iowa program challenges impacted results. Guidance for 2025 is SEK 700–800 million revenue and 12–14% EBITDA margin.
Fiscal Year 2024
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Order intake grew 32% year-over-year, with 71% from recurring TRaaS contracts, but Q4 revenue and margins declined due to project timing and legislative impacts. 2025 revenue is guided at SEK 700–800 million, with continued investment and a focus on recurring revenue growth.
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Order intake rose 55% year-over-year, with strong U.S. managed services and a robust backlog exceeding SEK 1 billion. Q3 revenue declined 10% due to lower system sales, but recurring Trust revenue grew 15%. Swedish and Saudi contract rollouts are delayed to 2025, while legislative changes in Iowa impact short-term U.S. revenue.
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Order intake surged 37% in Q2 and 86% year-to-date, with revenue up 26% and EBITDA up 28% year-over-year. Strong U.S. and home market contract wins, stable gross margins, and ongoing investments support a positive outlook, with new U.S. contracts set to boost revenue by year-end.