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Energy industries

SolTech Energy Sweden AB Reports Challenging Q1 2025 Results

Strategic Insights

— 1 min read

SolTech Energy Sweden AB's CEO, Patrik Hahne, stated that the company is focused on building a stronger group to take advantage of new business opportunities when the economy turns. The first quarter of 2025 was marked by a difficult market and customary seasonally lower activity. Despite this, the company saw an increased inflow of inquiries in roofing, electrical engineering, and facades from larger property companies. Soltech's diversified operations create a strong platform for seizing new business opportunities.

Key Takeaways:

  • The company reported a net sales of SEK 446.2 million, a decrease of 13% compared to the previous quarter.
  • The Group's EBITDA margin amounted to -2.3%, with an EBITDA of SEK -10.4 million.
  • EBITA was impacted by revaluation effects of SEK 5.3 million, resulting in an EBITA of SEK -26.3 million.
  • The company has made organizational adjustments and is working on cost adjustments and profitability enhancement measures.
  • Soltech has seen an increased inflow of inquiries in roofing, electrical engineering, and facades from larger property companies.
  • The company continued to commission new projects, including the installation of a 1.5 MWp floating solar cell plant in Spain and three battery installations totaling 3 MWh in connection with wind turbines.

Statistics:

  • Net sales: SEK 446.2 million (down 13% from the previous quarter)
  • EBITDA: SEK -10.4 million (down from SEK 0.5 million in the previous quarter)
  • EBITDA margin: -2.3% (down from -0.1% in the previous quarter)
  • EBITA: SEK -26.3 million (down from SEK -15.1 million in the previous quarter)
  • Cash flow from operating activities: SEK -75.6 million (down from SEK 40.0 million in the previous quarter)
  • Cash flow for the period: SEK -111.7 million (down from SEK 45.4 million in the previous quarter)
  • Earnings per share before and after dilution: SEK -0.36 (down from SEK -0.24 in the previous quarter)

Sources:

  • [News release from SolTech Energy Sweden AB on Q1 2025 results](external reference: SolTech Energy Sweden AB website)
  • [Quarterly report for Q1 2025](external reference: SolTech Energy Sweden AB website)

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