SKAKO (One-pager): Guidance maintained on a strong backlog, despite slower H1
Summary
- SKAKO reported a 13% revenue growth in H1 2025, driven by a 43% increase in the Minerals segment due to large orders from Moroccan OCP, despite declines in Recycling and Fasteners segments.
- EBIT decreased by 34% to DKK 6.7 million, with a margin drop to 4.8% from 8.2% last year, affected by delayed OCP ramp-up and upfront resource investments.
- The company maintains its full-year 2025 guidance for 30–40% organic revenue growth and EBIT of DKK 27–31 million, supported by a record order backlog of DKK 190 million.
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Read the latest SKAKO one-pager update following the Q2/H1 2025 interim report. The one-pager outlines key investment reasons, risks, and relative valuation compared to peers.
SKAKO reported 13% revenue growth in H1 2025 to DKK 139 million, supported by a 43% increase in the Minerals segment from the large Moroccan OCP orders. However, revenue declined in Recycling (-5%) and Fasteners (-33%), reflecting subdued Northern European markets. EBIT fell 34% to DKK 6.7 million, corresponding to a margin of 4.8% (vs. 8.2% last year), impacted by delayed OCP ramp-up and upfront resource build-up. Despite weaker earnings, SKAKO maintains its full-year 2025 guidance of 30–40% organic revenue growth and EBIT of DKK 27–31 million, underpinned by a record order backlog of DKK 190 million at the end of Q2.
To learn more about SKAKO’s growth outlook and the ramp-up of its OCP projects, catch up on the latest investor presentation following the FY2024 report hosted by CEO Lionel Girieud and CFO Thomas Pedersen.
Link: https://www.inderes.dk/videos/skako-presentation-of-q2-2025
Disclaimer: HC Andersen Capital receives payment from SKAKO for a Digital IR/corporate visibility subscription agreement. / Philip Coombes 13:12 01 September 2025