The earnings call reflects a mixed performance with strategic initiatives showing promise, such as the increased DTC share and successful MENA and APAC growth. However, significant challenges remain, particularly in terms of declining revenues in major regions like Europe and North America. The company's cost-saving measures and strong cash flow provide some positive offsets.

Company Guidance

During the Q2 2025 earnings call, Stillfront provided guidance highlighting a strategic focus on expanding key franchises, notably with the launch of Supremacy: Warhammer 40,000 within their Supremacy franchise. The company emphasized its direct-to-consumer (DTC) efforts, which have grown from a 26% share in 2023 to 39% in Q2 2025, improving gross profit margins by reducing reliance on third-party stores, whose share declined from 61% to 49% over the same period. In terms of financial performance, Stillfront reported a net revenue of SEK 1,436 million, an 11.3% organic decline, with adjusted EBITDAC at SEK 374 million. The company also achieved a free cash flow of SEK 1,089 million, marking the third consecutive quarter with over SEK 1 billion in LTM free cash flow. In Europe, net revenues were SEK 653 million, a 14.5% organic decline, while North America saw revenues of SEK 309 million, down 18% year-on-year on an organic basis. MENA and APAC regions experienced growth, driven by key franchises increasing over 15% year-on-year, with revenues of SEK 473 million. The company also reported SEK 225 million in annualized cost savings, primarily from North American restructuring, contributing to an increased gross margin from 80% to 82% year-over-year.

Successful Launch of Supremacy: Warhammer 40,000

Announced the new game Supremacy: Warhammer 40,000 as part of the Supremacy franchise, expected to boost future performance.

Growth in Direct-to-Consumer (DTC) Share

Increased DTC share from 26% in 2023 to 39% in Q2 2025, enhancing margins by reducing reliance on third-party stores.

MENA and APAC Revenue Growth

Key franchises in MENA and APAC grew by more than 15% year-on-year, with overall revenues of SEK 473 million.

Significant Cost Savings Achieved

Achieved SEK 225 million in annualized cost savings, primarily from North America, and improved gross margins from 80% to 82%.

Strong Cash Flow Performance

Free cash flow exceeded SEK 1 billion for the third consecutive quarter, supported by effective cost management and strategic investments.

Stillfront Group AB (SE:SF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SE:SF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.17 / -	0.301	―	―	―
Jul 22, 2025	2025 (Q2)	0.23 / 0.25	0.526	-52.47% (-0.28)	―	―
May 06, 2025	2025 (Q1)	0.32 / 0.29	0.31	-6.45% (-0.02)	―	―
Feb 05, 2025	2024 (Q4)	0.39 / -14.38	0.42	-3523.81% (-14.80)	―	―
Oct 23, 2024	2024 (Q3)	0.40 / 0.30	0.445	-32.36% (-0.14)	―	―
Jul 22, 2024	2024 (Q2)	0.48 / 0.53	0.284	85.21% (+0.24)	―	―
Apr 25, 2024	2024 (Q1)	0.40 / 0.31	0.58	-46.55% (-0.27)	―	―
Feb 07, 2024	2023 (Q4)	0.57 / 0.42	0.72	-41.67% (-0.30)	―	―
Oct 25, 2023	2023 (Q3)	0.47 / 0.45	0.64	-30.47% (-0.20)	―	―
Jul 21, 2023	2023 (Q2)	0.53 / 0.28	0.405	-29.88% (-0.12)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SE:SF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	kr6.22	kr5.40	-13.18%
May 06, 2025	kr5.22	kr5.26	+0.77%
Feb 05, 2025	kr7.26	kr7.26	0.00%
Oct 23, 2024	kr6.42	kr7.35	+14.49%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Stillfront Group AB (SE:SF) report earnings?

Stillfront Group AB (SE:SF) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is Stillfront Group AB (SE:SF) earnings time?

Stillfront Group AB (SE:SF) earnings time is at Oct 23, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Stillfront Group AB stock?

The P/E ratio of Stillfront Group AB is N/A.

What is SE:SF EPS forecast?

SE:SF EPS forecast for the fiscal quarter 2025 (Q3) is 0.17.

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