Q2 2025 Enea AB Earnings Call Transcript
Key Points
- Enea AB (LTS:0RP6) reported a stable EBITDA margin of 33% for the quarter, within their guidance range of 30% to 35%.
- The company added 7 new customers in the quarter, including significant additions in the deep packet inspection and firewall businesses.
- Enea AB (LTS:0RP6) extended a contract with a leading US-based SD-WAN vendor, valued at $2.5 million over 2026-2027.
- The company is seeing strong growth in its traffic management business, driven by increased network intelligence demands.
- Enea AB (LTS:0RP6) is actively working on strategic partnerships, such as the cooperation with Akamai, to enhance their cybersecurity offerings.
- Currency headwinds negatively impacted net sales by SEK11 million, affecting overall financial performance.
- The security business experienced a 7% decline in currency-adjusted sales for the quarter.
- Earnings per share were heavily impacted by financial net items and currency fluctuations, ending at SEK 0.43 per share.
- Operating cash flow was significantly lower at SEK 5 million compared to SEK 37 million in the same quarter last year.
- There is a noted shift from perpetual license models to source license models, which may pressure short-term revenues.
Good morning, everyone. This is Teemu Salmi speaking and welcome to this, interim report for Q2 for Enea in 2025. We have an agenda for today where we'll go through a bit of our numbers for the quarter and some market developments before we'll dive straight into the financial results, and we will end up with a way forward, our guidance and of course also questions and answers at the end.
But let's dive straight into the result of the second quarter of 2025. A summary of the quarter can be stated in that we've had some currency headwinds, being a company who has a majority of our revenues in US dollars, and a big part of our cost in euros is not a good match for Enea.
We see on top line a currency impact of SEK11 million sick, and we are reporting 224 million sick in net sales for the quarter, and currency adjusted, we report 235 million, which would mean that we are flat year over year in second quarter currency adjusted.
We are reporting 33%, EBITDA margin, for the quarter comparability number 35 from last year. We
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