Elanders AB: Quarterly Report January – June 2025

Core Insights - Elanders reported a decline in net sales for the second quarter of 2025, amounting to MSEK 3,044, which is a 5% organic reduction compared to the same period last year [4] - The adjusted EBITA for the second quarter was MSEK 167, reflecting an adjusted EBITA margin of 5.5%, down from 6.1% in the previous year [4] - The company is implementing structural measures to address a weaker market, which are expected to yield annual cost savings of approximately MSEK 151 [4] Financial Performance - Total net sales for the first half of 2025 were MSEK 6,277, representing a 3% organic reduction compared to the same period last year [4] - Adjusted EBITA for the first half was MSEK 300, with an adjusted EBITA margin of 4.8%, down from 5.8% [4] - Operating cash flow adjusted for acquisitions was MSEK 1,007, while including acquisitions it was MSEK 989 [4] Cash Flow and Debt - Free cash flow per share for the second quarter increased to SEK 9.42, compared to SEK 8.80 in the previous year [4] - Net debt decreased by MSEK 888 to MSEK 8,224 since the beginning of the year [4] - Excluding IFRS 16 effects, net debt decreased by MSEK 254 to MSEK 3,777 [4] Management Changes - Florian Beck has taken over as CEO of LGI, the Group's largest subsidiary [4] - Charles Ickes has been appointed as Group COO while continuing his role as CEO of Bergen Logistics [4]