Image Systems (IS) Q1 2025 earnings summary

Executive summary

• Stable net sales and large order backlog despite macroeconomic uncertainty and a slowdown in order intake.

• Operating profit decreased, mainly due to Motion Analysis's transition to a subscription model, negative currency effects, and investments in new markets.

• RemaSawco delivered strong results, benefiting from efficiency improvements and a favorable product mix.

Financial highlights

• Order intake fell to MSEK 30.9 from MSEK 56.1 year-over-year.

• Net sales slightly increased to MSEK 39.0 from MSEK 38.2 year-over-year.

• Gross margin improved to 72% from 70% year-over-year.

• EBITDA decreased to MSEK 2.8 from MSEK 4.4 year-over-year.

• Earnings per share was SEK -0.03, down from SEK 0.00 year-over-year.

Outlook and guidance

• The transition to a subscription-based model in Motion Analysis is expected to provide more consistent revenue and enhanced profitability over time.

• RemaSawco is well positioned for future challenges and opportunities, focusing on service agreements and product development.

• The Group maintains high ambitions and continues to invest in market presence and product portfolio.