Studsvik AB (LTS:0GO6)
kr 225 +1.5 (+0.67%) Market Cap: 1.87 Bil Enterprise Value: 2.01 Bil PE Ratio: 60.38 PB Ratio: 4.31 GF Score: 62/100

Q3 2025 Studsvik AB Earnings Call Transcript

Nov 04, 2025 / 08:30AM GMT
Release Date Price: kr273 (-7.46%)

Key Points

Positve
  • Studsvik AB (FRA:SUD) reported a solid Q3 with improved profitability and strong cash flows compared to the same period last year.
  • The company has doubled its profits for the first nine months of 2025 compared to the previous year.
  • The Fuel, Materials & Waste Management Technology segment showed strong performance with a 17.6% increase in sales for the quarter.
  • Studsvik AB (FRA:SUD) signed an MOU with Blykalla and evroc to explore the feasibility of building AI data centers powered by small modular reactors (SMRs) at their site.
  • The company is strategically positioned in key markets like Sweden, North America, and Asia, with significant growth opportunities in the nuclear sector.
Negative
  • The Decommissioning and Radiation Protection Services segment faced profitability challenges due to tough competition and a strong cost focus among customers.
  • Studsvik Scandpower experienced a 7.3% decrease in sales for the quarter due to seasonal variations.
  • The company reported a significant drop in sales in Germany and Asia, although this was offset by growth in Sweden and North America.
  • The competitive landscape in the Decommissioning segment is expected to remain challenging, requiring strategic adjustments to improve margins.
  • Studsvik AB (FRA:SUD) is facing a slower growth rate in 2025 compared to its 6% growth target, partly due to market challenges in Germany and seasonal variations in sales.
Karl Thedeen
Studsvik AB - President, Chief Executive Officer

Good morning, and welcome to Studsvik's Q3 earnings call. So just a short brief update again. I guess many of you know us by now, but we are a truly international company. Last year, we did around $100 million in revenue or SEK893 million. We are in roughly 15 countries. We're a little bit more than 500 employees. Key markets are Japan. Korea is very big for us. We are being in the European marketplace, of course; and also in the US and Canada. So truly and serving the nuclear market with services and products.

So we try to explain how we operate and what market segments there are in the nuclear and adjacent industries. And as you can see, we talk about new build, we talk about operating plants around a little bit more than 400 in the world, and we talk about the process of decommissioning sites as well.

And the fourth one is other service that requires knowledge and expertise in handling radioactive material and isotopes. I think we serve this market with a lot of different offerings and some offerings are obviously fit for

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