Nimbus Group sales decreased by 8% during the second quarter of 2025 to to MSEK 571 (623).
Growth fell 6% and EBITA was down to SEK 25 million compared to 45 million during the same period in 2024. The EBITA margin was 4.5%, down from 7.2% in 2024.
The order book at the end of the period amounted to SEK 409 million (508), of which commercial sales amounted to SEK 381 million (473) and retail sales SEK 28 million (35).
In the first six months of the year, net sales amounted to SEK 871 million, a decrease of 10% compared with the previous year (967).
Commercial sales amounted to SEK 541 million (619), driven by weaker sales in North America and Europe, and retail sales decreased to SEK 330 million (348).
In Europe, sales decreased by 8% to SEK 109 million (119) and in North America by 9% to SEK 125 million (138).
EdgeWater sales increase 49%
In the first six months of the year, North American sales decreased compared with the previous year and amounted to SEK 241 million (253).
Sales of EdgeWater boats increased by 49% to SEK 115 million (77) and sales of Nimbus decreased by SEK 36 million to SEK 118 million (154).
Order intake in North America increased to SEK 226 million (194) in the period.
Nordic sales amounted to SEK 95 million, which was a decrease of 14% compared with the previous year (111).
Order intake in the Nordic region decreased and amounted to SEK 67 million (72).
European sales amounted to SEK 200 million (199) with order intake in the first half of the year improving by 32% to to SEK 128 million (97).
Cautious behaviour
Sales in other markets amounted to SEK 5 million (56) and order intake decreased to SEK 17 million (26).
Nimbus says customers have continued to show cautious behaviour due to uncertainty regarding tariffs and general economic uncertainty, but the group says it has managed the situation by reducing inventories, reviewing costs and expanding its dealer network.
“The weak development in key markets has had a broad impact on our entire industry, and the fact that we can still report a positive result for the quarter despite the headwinds is proof of our ability to handle and fend off even challenging market development,” said Jan-Erik Lindström, CEO of Nimbus Group.
He continued: “Anyone who has been in our industry for a few years knows that fluctuations in the economy are part of it, but also that it can change quickly and that it is difficult to assess how long they last.
We must adapt our costs to the current economy, and this is something we have continued to do during the quarter.
Jan-Erik Lindström
“For Nimbus, this means that we must adapt our costs to the current economy, and this is something we have continued to do during the quarter.
“The cutbacks have improved our cost situation going forward and we expect lower running costs to have a positive financial impact already from the third quarter.”
But Jan-Erik said there are signs the economy is improving in Europe and North America and there are good prospects going forward, especially with the appointment of Johan Inden as his successor.
“Of course, cutbacks alone will not be enough, but we also need the help of a better economy, and here we continue to have some hope that a turnaround is in sight in Europe and North America as well.”
Jan-Erik concluded: “During my 15 years in the company, Nimbus Group has gone from being a small player in a few products to becoming a leading player with attractive products and brands in well-defined product categories.
“I am convinced that the company under Johan Inden’s leadership will continue its positive and exciting development.”
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