Bifogade filer
Stillfront Quarterly Report Q1 2025
Stillfront Financials To The Market Q1 2025
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Mid Cap Stockholm |
| Sektor | Sällanköp |
| Industri | Gaming |
Financial highlights Q1 2025
• Net revenue of SEK 1,545 (1,739) million decreased by 12 (-0) percent organically.
• Gross margin of 81 (80) percent, an increase of 1 percentage point.
• Adjusted EBITDAC of SEK 402 (358) million grew by 12 (-14) percent.
• Adjusted EBITDAC margin of 26 (21) percent, an increase of 5 percentage points.
• Net results of SEK 23 (-10) million.
• Free cash flow amounted to SEK 194 (138) million, and for the last 12 months amounted to SEK 1,107 (828) million.
• Total net debt, including cash earnout for the next 12 months, amounted to SEK 4,379 (4,643) million.
• Total net debt including all earnout liabilities amounted to SEK 5,656 (6,294) million.
• Adjusted leverage ratio, including cash earnout for the next 12 months, pro forma was 1.93x (1.95x).
• Cash position was SEK 934 (877) million and SEK 1,390 (2,507) million of unutilized credit facilities.
“We reported net revenue of SEK 1,545 million in Q1 2025, an organic decline of 12 percent. Gross margin improved by 1 percentage point YoY, supported by a growing DTC (direct-to-consumer) share, now at 36 percent compared to 30 percent in Q1 2024.
Our cost savings program and more efficient UA spending drove an adjusted EBITDAC improvement of 12 percent YoY, amounting to SEK 402 million. Free cash flow was strong at SEK 194 million for the quarter and SEK 1,107 million over the past 12 months.
As announced, to accelerate our transformation, we have launched a strategic review to explore options for maximizing shareholder value of selected group assets”.
Alexis Bonte, Group President and CEO, Stillfront
Key figures
| 2025 | 2024 | Last 12 months | 2024 | |
| MSEK | Jan-Mar | Jan-Mar | Jan-Dec | |
| Bookings | 1,542 | 1,742 | 6,529 | 6,729 |
| Net revenue | 1,545 | 1,739 | 6,543 | 6,737 |
| Gross profit | 1,251 | 1,387 | 5,235 | 5,371 |
| Gross profit margin, % | 81 | 80 | 80 | 80 |
| Adjusted EBITDA | 534 | 516 | 2,274 | 2,256 |
| Adjusted EBITDAC | 402 | 358 | 1,702 | 1,658 |
| Adjusted EBITDAC margin, % | 26 | 21 | 26 | 25 |
| Operating result (EBIT) | 137 | 117 | -6,436 | -6,455 |
| Net result for the period | 23 | -10 | -7,345 | -7,378 |
| Earnings per share undiluted, SEK | 0.05 | -0.02 | -14.45 | -14.40 |
| Earnings per share diluted, SEK | 0.05 | -0.02 | -14.45 | -14.40 |
| Total net debt incl. cash earnout NTM | 4,379 | 4,643 | 4,379 | 4,736 |
| Total net debt incl. total earnouts | 5,656 | 6,294 | 5,656 | 6,125 |
| Adjusted leverage ratio incl. NTM cash earnout, x | 1.93 | 1.95 | 1.93 | 2.10 |
| Free cash flow | 194 | 138 | 1,107 | 1,050 |
| Free cash flow per share, SEK | 0.39 | 0.27 | 2.18 | 2.05 |
Invitation to webcast
The report will be presented in a live webcast at 10:00 a.m. CET today. Alexis Bonte, Group President and CEO, and Andreas Uddman, Group CFO, will present the Q1 2025 results, and answer questions. The conference will be held in English.
To participate via webcast:
If you wish to participate via webcast, please use the link below.
https://stillfront.events.inderes.com/q1-report-2025
To participate via phone:
If you wish to participate via teleconference, please register on the link below. After registration you will be provided with phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.
https://events.inderes.com/stillfront/q1-report-2025/dial-in
Forward-looking statements
Some statements herein are forward-looking that reflect Stillfront’s current views or expectations of future financial and operational performance. Because these forward-looking statements involve both known and unknown risks and uncertainties, actual results may differ materially from the information set forth in the forward-looking information. Such risks and uncertainties include but are not limited to general business, economic, competitive, technological, and legal uncertainties and/or risks. Forward-looking statements in this report apply only at the time of announcement of the report and are subject to change without notice. Stillfront undertakes no obligation to publicly update or revise any forward-looking statements as a result of new information, future events or otherwise, other than as required by applicable law or stock market regulations.