NIMBUS GROUP - REPORT FOR THE THIRD QUARTER 2025
- Net sales during the quarter decreased by MSEK 115 to MSEK 263 (-30 percent), driven by a weak start to the quarter.
- The decline is primarily explained by a continued very weak North American market, where sales dropped by MSEK 130 to MSEK 71 (-65 percent).
- Decision to close production in Larsmo, Finland, and move manufacturing of Aquador and Falcon to the same site and partner currently producing the Nimbus WTC series.
- The Swedish Defence Materiel Administration approved the design of the workboat that Nimbus Group is developing for the Swedish Armed Forces together with Svekon.
"The volumes in the global motorboat market are now at their lowest in over a decade, but as a company we must be able to make money even in markets like these. Going forward, we will therefore place strong focus on strengthening our commercial capabilities, streamlining our brand and product portfolio, and increasing efficiency across all areas," says Nimbus Group CEO Johan Inden.
| THIRD QUARTER JULY - SEPTEMBER 2025 | FIRST NINE MONTHS, JANUARY - SEPTEMBER 2025 |
| Net sales amounted to MSEK 263, down 30 percent compared to last year (378). Commercial Sales decreased to MSEK 165 (264) and Retail Sales decreased to MSEK 98 (114) | Net sales amounted to MSEK 1,134, down 16 percent compared to last year (1,345). Commercial Sales amounted to MSEK 706 (883) and Retail Sales to MSEK 427 (462) |
| Organic growth amounted to -29 percent | Organic growth amounted to -14 percent |
| EBITA amounted to MSEK -45 (-66). EBITA before restructuring costs amounted to MSEK -28 (-7) | EBITA amounted to MSEK -32 (-35) |
| EBITA margin was -17.1 percent (-17.3) Operating cash flow amounted to MSEK -43 (-69) | EBITA margin was -2.8 percent (-2.6) Operating cash flow amounted to MSEK -80 (-81) |
| Order book at the end of the period amounted to MSEK 358 (508), of which Commercial Sales amounted to MSEK 297 (453) and Retail Sales to MSEK 61 (55) | Earnings per share amounted to SEK -2.22 (-2.38) |
| Third quarter | First 9 months | Last 12 months | Full year | |||||||
| 2025 | 2024 | % | 2025 | 2024 | % | 2025 | 2024 | % | 2024 | |
| Net sales, MSEK | 263.4 | 378.3 | -30.4 | 1,133.5 | 1,345.2 | -15.7 | 1,407.7 | 1,705.7 | -17.5 | 1,618.7 |
| Operating profit, MSEK | -45.1 | -65.7 | -31.4 | -32.6 | -35.3 | -7.6 | -57.8 | -39.9 | 44.8 | -60.7 |
| EBITA, MSEK | -45.0 | -65.6 | -31.4 | -32.2 | -34.9 | -7.7 | -57.4 | -39.3 | 46.0 | -60.1 |
| EBITA margin, % | -17.1% | -17.3% | 0.3 pp | -2.8% | -2.6% | -0.2 pp | -4.1% | -2.3% | -1.8 pp | -3.7 % |
| Profit for the period MSEK | -55.1 | -74.1 | -25.6 | -94.5 | -50.7 | -86.5 | -105.1 | -72.8 | 44.4 | -61.4 |
| Operating cashflow MSEK | -43.1 | -69.3 | -37.8 | -80.0 | -81.0 | -1.2 | -106.3 | -158.6 | -33.0 | -107.3 |
| Earnings per share | -1.29 | -3.47 | -62.7 | -2.22 | -2.38 | -6.5 | -3.27 | -3.41 | -4.2 | -2.88 |
Link to the report: https://nimbusgroup.se/en/reports-and-presentations/
Analyst conference call: A webcast telephone conference will be held today at 10:00 a.m. during which President and CEO Johan Inden will present the report together with CFO Rasmus Alvemyr. The presentation will be followed by a Q&A session. The presentation will be held in English. If you wish to participate via teleconference, please register using the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.
Q3 Report 2025
You can also follow and listen to the presentation and the conference call, as well as submit written questions, using the below web link:
Q3 Report 2025
About Nimbus Group
Nimbus Group produces and markets powerboats which includes the brands Alukin, Aquador, EdgeWater, Falcon, Flipper, Nimbus and Paragon Yachts. Sales are made through dealer networks and the largest markets are the Nordic region, Europe and the USA. During 2023, the Group strengthened its position on the important North American market through the acquisition of the premium powerboat manufacturer EdgeWater Power Boats. In 2024, the Group had sales of SEK 1,619 million and 377 employees. Operations are conducted in Sweden, Finland, Poland, England, Norway and the USA.
Nimbus Group has been listed on Nasdaq Stockholm First North since February 2021. For more information, see www.nimbusgroup.se
Certified Adviser
The Company's Certified Adviser is DNB Carnegie Investment Bank AB (publ)
e-mail: certifiedadviser@carnegie.se
For further information, please contact:
Johan Inden, CEO
+46707940565
johan.inden@nimbus.se
Rasmus Alvemyr, CFO
+46317267708
rasmus.alvemyr@nimbus.se
This information is inside information that Nimbus Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-10-23 07:30 CEST.