Q2 results
Prevas reported a weaker-than-expected Q2'25, with sales of SEK 409m, up 3% y-o-y (4% below ABGSCe). Organic sales declined 9% y-o-y, driven by a drop in FTEs (a net reduction of 20 employees), lower utilisation, and a negative calendar effect of ~2%. M&A contributed 12% y-o-y growth, with Finland delivering an EBITA of SEK 1m (SEK 0m in Q1'25), reflecting continued improvement following the merger of two regions and a clearer sales focus. Core segments such as energy grew sales by 41% y-o-y, followed by engineering at 21% and defence at 20%. EBITA came in at SEK 20m, with a margin of 5%, but weighed down by restructuring costs of ~SEK 6m. Excluding these and other one-offs, the underlying adj. EBITA margin came in at 7%.
LÄS MER