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Interim Report Second Quarter 2025

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Second Quarter (April–June 2025)

  • Net sales amounted to TSEK 210,703 (146,194), which is an increase of 44.1 % compared to the same period last year.
  • The gross margin amounted to 52.0% (53.4).
  • Operating profit before depreciation (EBITDA) amounted to TSEK 68,570 (41,712), which corresponds to an operating margin before depreciation of 32.5 % (28.5).
  • Operating profit (EBIT) amounted to TSEK 47,384 (24,906), which corresponds to an operating margin of 22.5 % (17.0).
  • Earnings per share before dilution amounted to SEK 3.32 (1.69).

Half-Year (Jan–June 2025)

  • Net sales amounted to TSEK 431,086 (305,195), which is an increase of 41.2 % compared to the same period last year.
  • The gross margin amounted to 51.8 % (52.6).
  • Operating profit before depreciation (EBITDA) amounted to TSEK 145,709 (87,435), which corresponds to an operating margin before depreciation of 33.8 % (28.6).
  • Operating profit (EBIT) amounted to TSEK 104,484 (54,430), which corresponds to an operating margin of 24.2 % (17.8).
  • Earnings per share before dilution amounted to SEK 7.35 (3.72).

Comments from the CEO

We see a continued strong growth in revenue during the second quarter, in line with the positive development we saw during the first quarter of the year. The growth during the quarter is supported by high installation figures, which reflects both a strong increase of the underlying demand and our successful product launches, such as for example the thermostat TRM-01. This is noticeable especially clearly in Norway, where we see a strong increase both in revenue and installations.

 

During the quarter we also launched our dimmable smart plug SPD-01 and later this autumn we will start the production of the optimized versions of our popular downlights DWN-01 and DWN-02. As downlights represent a significant part of our revenue, and the new design entails significant savings in production, this is expected to have a positive impact on the gross margin.

 

The cost level during the quarter has been somewhat higher, which mainly is explained by our participation at the large industry fair Elfack as well as increased costs connected to the scaling up of our own production to meet the strong demand.

The business develops according to plan, with strong organic growth and improved profitability. I would like to extend a big thank you to the team for a very well executed job.

 

Babak Esfahani

CEO

 

For further information

Phone: +46 (0) 10 207 89 01

E-mail: investor@plejd.com

About the company

Plejd is a leading Nordic supplier of smart lighting and other smart products. By focusing on the user experience, Plejd makes smart solutions easy and available to everyone.

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