Sweden · Delayed Price · Currency is SEK Studsvik AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 4.1% sales growth in local currency, stable performance across all business areas, and a strategic move into the SMR market with the Kärnfull Next acquisition. Operating profit declined due to one-offs and acquisition costs, while cash flow was impacted by timing effects.
Fiscal Year 2025
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2025 saw a turnaround in profitability, with strong cash flow, improved margins, and robust growth in fuel materials and waste technology. No dividend is proposed to support a pro-growth agenda, and major new contracts and board changes position the company for future expansion.
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Q3 saw flat revenue but sharply improved profitability and cash flow, driven by strong performance in fuel materials and waste management. Decommissioning faced margin pressure, while strategic focus remains on innovation, M&A, and expanding in the U.S. and new nuclear builds.
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Q2 2025 saw strong profits and stable sales, with operating margin up to 7.7% year-over-year, led by robust FMWT performance. Market outlook is positive, supported by government nuclear initiatives and new software approvals, though some segments face margin pressure.
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Q1 2025 saw robust earnings and cash flow growth, with all business areas contributing and key acquisitions boosting performance. Operating margin improved to 8.6%, and the outlook remains strong amid global nuclear market expansion and ongoing efficiency gains.
Fiscal Year 2024
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Q4 2024 saw strong sales growth and robust order intake, with adjusted operating profit of SEK 20.5 million and significant contributions from recent acquisitions. Cost efficiency measures and organizational restructuring are set to improve profitability in 2025.
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Q3 2024 saw higher group net sales but was challenged by a SEK 10.1 million fraud impact and lower operating profit. Strong performance in Scandpower and Decommissioning offset FMT's production issues, while new investments and acquisitions are expected to drive future growth.
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Sales, operating profit, and margins improved year-over-year, but free cash flow was negative due to high investments. Strategic acquisitions and partnerships are expected to drive growth, with new technology launches and regulatory challenges shaping the outlook.