Caybon Holding AB: A Financial Turnaround Amidst Market Challenges
Caybon Holding AB continues its financial turnaround amidst challenging market conditions, with its latest quarterly report showing signs of stabilization.
Sammanfattning
Caybon Holding AB's latest financial report indicates a reduction in net sales and net profit, but shows improvement in adjusted EBITA and cash flow. The company's strategic focus on turnaround efforts and cost control is evident, despite ongoing market challenges.
Caybon Holding AB has released its financial report for the third quarter of 2025, highlighting a 7% decrease in net sales to 188,566 TSEK compared to the same period last year. This decline is attributed to a combination of factors including a 2% organic decline, 3% exchange rate effects, and a 2% impact from the divested business area FMG.
The company's EBITDA stood at 5,039 TSEK, a decrease from 8,191 TSEK in the previous year. However, the adjusted EBITDA showed a significant improvement, rising to 5,097 TSEK from 2,141 TSEK. EBITA also improved in its adjusted form, reaching -1,883 TSEK from -4,886 TSEK, despite an unadjusted decline to -1,942 TSEK.
Net profit for the period was -10,988 TSEK, a further decline from -6,676 TSEK in the previous year. However, cash flow from operations improved significantly, reducing the negative flow to -1,986 TSEK from -12,719 TSEK.
The company's strategic focus remains on its turnaround efforts, with a clear emphasis on cost control and financial steering. The Network segment showed positive development with a 36% increase in net sales, driven largely by the Swedish market. However, the Campaign segment faced challenges, particularly in the Nordics and the UK.
Despite challenging market conditions, Caybon is seeing signs of stabilization in several parts of its business. The company's outlook remains cautious, with expectations of continued market challenges but a strategic focus on building a more resilient organization.
| KPI | 2025 (Jul-Sep) | 2024 (Jul-Sep) |
|---|---|---|
| Net Sales | 188,566 TSEK | 203,266 TSEK |
| EBITDA | 5,039 TSEK | 8,191 TSEK |
| Adjusted EBITA | -1,883 TSEK | -4,886 TSEK |
| Net Profit | -10,988 TSEK | -6,676 TSEK |
| Cash Flow from Operations | -1,986 TSEK | -12,719 TSEK |
Conclusion: Caybon's financial results reflect ongoing market challenges but also highlight the company's strategic efforts to stabilize and improve its financial performance. The improvement in adjusted EBITA and cash flow from operations indicates positive momentum in the company's turnaround strategy.
Källa
Sammanfattning
During the period from July to September 2025, Caybon experienced a 7% decline in net sales, totaling 188,566 TSEK, attributed to a combination of organic decline, exchange rate effects, and the divestment of the FMG business area. EBITDA decreased to 5,039 TSEK, while adjusted EBITDA rose to 5,097 TSEK. EBITA was -1,942 TSEK, but adjusted EBITA improved to -1,883 TSEK. The net profit for this period was -10,988 TSEK, and cash flow from operations was -1,986 TSEK. For the first nine months of 2025, net sales decreased by 16% to 598,670 TSEK, with similar contributing factors. EBITDA was 8,196 TSEK, and adjusted EBITDA decreased to 11,248 TSEK. EBITA was -12,251 TSEK, with adjusted EBITA at -9,200 TSEK. The net profit for this period was -39,054 TSEK, and cash flow from operations was -19,280 TSEK. Significant events included Caybon deferring interest payments on its Super Senior bonds due in August and November 2025. The CEO, Jakob Söderbaum, emphasized the company's ongoing turnaround efforts, focusing on improving financial performance and organizational efficiency despite challenging market conditions. The Network segment showed positive growth, while the Campaign segment faced declines, particularly in the N365 business area. The outlook suggests stabilization in 2026, with ongoing exploration of AI integration to enhance operations.
