Q1 2025 SP Group A/S Earnings Call Transcript

May 23, 2025 / 01:00PM GMT
Release Date Price: $29.71

Key Points

Positve
  • SP Group AS (FRA:1PU2) reported record high revenue and bottom line for the first quarter, with an 8.8% increase in revenue to DKK786 million.
  • The company achieved a 12% increase in EBITDA to DKK166 million and a 19% increase in EBIT to DKK117 million.
  • Sales of own products reached an all-time high in the first quarter, increasing by 10% to DKK226 million, which is crucial for maintaining higher margins.
  • The healthcare segment showed significant growth, with revenue increasing by 17.1% from DKK280 million to DKK335 million.
  • SP Group AS (FRA:1PU2) successfully started operations at a new injection moulding plant in Peachtree City, USA, which is expected to support strong growth in the healthcare industry.
Negative
  • There is uncertainty regarding tariffs and trade wars, which could impact customer demand and production locations.
  • The clean tech segment experienced a slowdown in demand, maintaining the same level as the previous year.
  • The food tech segment saw a decline in performance during the first quarter.
  • The company faces challenges in finding acquisition opportunities at reasonable prices, impacting its M&A strategy.
  • Investments in clean rooms for the medical sector are costly, although necessary for higher-margin products.
Unidentified Company Representative

I'd like to welcome you all to this presentation (technical difficulty) welcoming both, CEO, Lars Bering; and CFO, Tilde Kejlhof.

Lars Bering;S;Chief Executive Officer
SP Group A;Member of the Executive Board

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Thank you.

Tilde Kejlhof;S;Chief Financial Officer
SP Group A;Member of the Executive Board

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Thank you.

Unidentified Company Representative;Lars Bering;S;Chief Executive
SP Group A

And before I hand over, also a warm welcome to all of you who signed up for today's presentation. As usual, you can ask your questions in the chat room. You can either do it in English or you can do it in Danish, and we'll help with the translation. And should you miss anything, we will record the presentation here and publish it on different platforms afterwards.

With that, I'll leave it to you, Lars and Tilde.

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