Nimbus sales have continued to be characterised by low volumes with net sales during the last quarter ending September 2025 decreasing by 30% to SEK 263 million.
The decline is primarily explained by a continued very weak North American market, where sales dropped 65% by SEK 130 million to SEK 71 million.
In addition to the volume decline, gross profit was impacted by continued campaigns to reduce inventories of finished boats.
“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,” said Nimbus Group CEO Johan Inden.
The volumes in the global motorboat market are now at their lowest in over a decade.
Johan Inden
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.”
Overall sales in Commercial Sales amounted to SEK 165 million compared to SEK 264 million in the same period in 2024.
Order intake amounted to SEK 81 million (244).
The change is attributable to reduced demand and a delay among retailers to place orders despite low average inventory levels.
Net order intake amounted to SEK -26 million (93), due to a cautious calibration of the order book where parts of the order book have been revalued with regard to the current market situation.
Underperformed
“North America has weighed on us in the quarter. North America, and especially the United States, which is the world’s single largest powerboat market with half the world volume, will be central to Nimbus Group’s long-term success,” said Johan.
“Our sales there have fallen more than the market in general during the year, which means that we underperformed in relation to the market. To address this, we have initiated a review of our way of working with the goal of accelerating sales with increased efficiency.”
Sales in the Nordic region decreased and amounted to SEK 10 million (21) and order intake amounted to SEK 23 million (65).
European sales increased to SEK 74 million (33), with order intake amounting to SEK 72 million (84).
Increasing sales
However, Nimbus points out that despite increasing sales, the market in general is still affected by retailers holding off on placing orders due to the difficult economic situation, which had a negative impact on order intake in the quarter.
Sales in other markets amounted to SEK 10 million (8) and order intake amounted to SEK 12 million (2).
Sales in Retail Sales amounted to SEK 98 million (114) with sales of new own brand boats increasing to SEK 45 million (43).
Sales of other brands and used boats decreased to SEK 38 million (57) and sales of service and aftermarket products amounted to SEK 16 million (15).
The order book amounted to SEK 61 million (SEK 55 million).
Organic growth
In the first nine months of 2025, the Group’s net sales amounted to SEK 1,134 million, a decrease of 16% from the previous year (1,345).
Organic growth amounted to -14% (-12%).
During the quarter, Nimbus made the decision to close its production site in Larsmo, Finland, and move manufacturing of Aquador and Falcon to the same site and partner which currently produces the Nimbus WTC series.
In addition, the Swedish Defence Materiel Administration approved the design of the workboat that Nimbus Group is developing for the Swedish Armed Forces together with Svekon.
And Johan Inden assumed the position as the new CEO of Nimbus Group AB on 1 September 2025.
