Second quarter 2025
− 3% organic revenue growth (using fixed exchange rates and a comparable group structure)
− Net sales increased by 1% to 1,370.7 MEUR (1,353.4)
− Net sales including the reduction of acquired deferred revenue amounted to 1,369.9 MEUR (1,353.4)
− Adjusted gross margin of 67.0% (67.3)
− Adjusted operating earnings (EBIT1) decreased by -10% to 360.6 MEUR (399.5)
− Adjusted operating margin amounted to 26.3% (29.5)
− Earnings per share, excluding adjustments, amounted to 9.8 Euro cent (10.8)
− Earnings per share, including adjustments, amounted to 8.4 Euro cent (9.6)
− Operating cash flow before non-recurring items increased to 270.8 MEUR (248.5)
− Cash conversion amounted to 104% (85)
− Recurring revenue grew 4% organically and amounted to 571.0 MEUR (560.7)
