Nimbus Group AB (Publ) (STO: BOAT) Q2 2025 Earnings | 17/07/2025

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Nimbus Group AB (Publ) (STO: BOAT) Q2 2025 Earnings | 17/07/2025 Financial Highlights Net Sales: SEK 571 million, representing an 8% decrease year-over-year from SEK 623 million. The decline was consistent across commercial and retail sales, with commercial at SEK 297 million (down from SEK 325 million) and retail at SEK 274 million (down from SEK 298 million)13. EBITA: SEK 25 million, down from SEK 45 million in Q2 2024, leading to a reduced EBITA margin of 4.5% versus 7.2% a year earlier13. Gross Margin: 11.9%, a decline of 3.7 percentage points from last year, attributed to lower production volumes, under-absorption of costs, and adverse currency impacts. Adjusted for tariffs and currency effects, the gross margin would have been 13.9%6. Operating Cash Flow: Improved to SEK 90 million compared to SEK 79 million last year, reflecting stronger focus on inventory and working capital management6. Earnings Per Share (EPS): SEK -0.93, a reversal from SEK 1.10 in Q2 20242. Business & Market Update Order Intake: Increased to SEK 356 million (up from SEK 341 million last year), signaling improved customer demand and a comparatively stronger performance than the broader boating market67. Order Book: At period end, SEK 409 million (commercial sales: SEK 381 million; retail sales: SEK 28 million), down from SEK 508 million a year ago2. Regional Performance: North America: Sales down to SEK 125 million from SEK 138 million; however, order intake rose to SEK 131 million (previously SEK 77 million). Nordic Region: Sales slightly up to SEK 64 million; order intake at SEK 24 million (down from SEK 29 million). Europe: Sales decreased to SEK 109 million (from SEK 119 million), while order intake improved to SEK 45 million (from SEK 21 million)2. Cost Reduction & Efficiency: Nimbus launched a cost reduction program targeting SEK 20 million in quarterly savings, with a 19% reduction in operating expenses already achieved in Q2. Further efficiency measures are underway6. Strategic & Corporate Developments Leadership Transition: Johan Inden has been appointed as the new CEO effective September 1, 2025, succeeding Jan-Erik Lindström, who is retiring2. Dealer Network Expansion: New dealerships appointed in North America, Europe, and Asia to support future growth and improve global market presence2. Management Appointments: Christina Evans appointed as Commercial Sales Director, effective early 20262. Outlook The company expects continued market uncertainty due to tariff impacts and currency fluctuations but is optimistic about efficiency gains and a recovering order pipeline. Management focuses on safeguarding margins, maintaining positive cash flow, and leveraging new dealership networks for medium-term growth. Ongoing costs and inventory control initiatives are expected to yield further improvements heading into the second half of 202567. About Inside Ticker: For more expert analysis and real-time updates on Nimbus Group AB (Publ) (STO: BOAT) and other market movers, follow Inside Ticker for in-depth reports, financial insights, and the latest news on leading companies. #NimbusGroup #BOAT #Q22025 #Earnings #FinancialResults #NetSales #OrderIntake #OperatingMargin #CashFlow #BoatIndustry #StockMarket #Investing #LeadershipChange #CostControl #GlobalExpansion #2025Outlook