Dynavox Group Ab · OMXSTO:DYVOX
Dynavox Group Ab — Q1 2025 Earnings Presentation
19 slides from Dynavox Group Ab's earnings presentation, Apr 25, 2025
Slide 1: Q1 2025 Earnings call
Q1 2025 Earnings call April 25, 2025
Slide 2: Fredrik Ruben, CEO and Linda Tybring, CFO
Fredrik Ruben Linda Tybring Chief Executive Officer Chief Financial Officer linda.tybring@dynavoxgroup.com 2025-04-25 2 © 2025 Dynavox Group AB (publ)
Slide 3: About Dynavox Group
About Dynavox Group 2025-04-25 3 © 2024 Dynavox Group AB (publ)
Slide 4: Our vision and mission
Our vision A world where everyone can communicate Our mission We empower people with disabilities to do what they once did, or never thought possible 2025-04-25 4 © 2024 Dynavox Group AB (publ)
Slide 5: Our purpose
~ 50M number of people who cannot communicate effectively without Our purpose communication aids today As the world leader in assistive communication, we will drive the market forward while addressing a hugely underserved global audience. ~ M 2 ~ %2 number of people diagnosed percentage of people ye
Slide 6: Our global presence
Our global presence Revenue break down per region¹ • North America 76% • Europe 18% • Other countries 6% Direct & local presence Partners ¹ Based on FY 2 025 YTD March revenu e 2025-04-25 6 © 2025 Dynavox Group
Slide 7: Our comprehensive communication solution
Our comprehensive communication solution Language systems - From our catalogue of synthetic voices to our library of symbols to our text-based systems, we design highly customizable solutions. Software - Through our software, users can access computers, browse the web, text, and develop literacy ski
Slide 8: Q1: January – March 2025
Q1: January – March 2025 2025-04-25 8 © 2025 Dynavox Group AB (publ)
Slide 9: Q1 2025 highlights
Q1 2025 highlights • Strong top-line growth, after currency effects revenue grew by 34% • Strongest growth globally within the autism customer group. • EBIT increased by 32%. • Agreement to acquire Cenomy in France 2025-04-25 9 © 2024 Dynavox Group AB (publ)
Slide 10: Changes in macro-economy and geopolitical situation
Changes in macro- economy and geopolitical situation • Limited exposure to US import tariffs. • Medical certified assistive devices are exempted from custom duties or tariffs under the Nairobi Protocol. • Currently no announced changes to policies related to reimbursement in the US. • Natural hedge
Slide 11: Agreement to acquire French reselling partner Cenomy
Agreement to acquire French reselling partner Cenomy • Dynavox Group’s solutions comprise the majority of Cenomy’s revenues. • Cenomy’s revenue in 2024 was around 5 million EUR. • Purchase price 5 million EUR in cash at closing, with a potential additional consideration after a period of two years.
Slide 12: Financials
Financials 2025-04-25 12 © 2025 Dynavox Group AB (publ)
Slide 13: Q1 2025 Revenue & Gross Margin
Revenue (SEK million) and Gross Margin 68% 69% 69% 69% 70% 68% 68% 68% 67% 67% 67% 66% 64% 64% 64% 64% 65% 585 581 Q1 2025 473 476 483 Revenue & Gross Margin 320 362 381 424 428 335 • Revenue was 581 SEKm (428), +36% 288 255 • Currency adjusted revenue growth was +34% 207 245 246 • Strong growth acr
Slide 14: Q1 2025 EBIT
EBIT (SEK million) and EBIT Margin 90 70% 83 80 60% 70 61 50% 60 56 53 48 Q1 2025 EBIT 50 40% 42 43 40 30% 32 28 29 • EBIT was 43 SEKm (32) 30 25 25 21 20% 20 16% 17 16 13 • EBIT margin was 7.3% (7.6) 11% 12% 11% 13% 14% 10% 10 14% 8% 8% 8% 7% 7% 6% 5% 7% 6% • Opex increased with 28% organically 0 0
Slide 15: Balance sheet and Cashflow
Cashflow after continuous investments and cash position (SEK million) Balance sheet 200 48 63 100 and Cashflow 180 41 35 42 39 30 27 50 17 10 7 Cashflow after continuous investmetns 160 3 -11 -9 -28 0 - 30 • Cash flow after continuous investments +27 140 -50 SEKm (10) for the quarter 120 Cash positi
Slide 16: Summary and outlook
Summary and outlook • Our strong revenue growth continues • Profits continues to grow despite significant non- recurring costs • No notable impact from current macro economic climate or policy changes • Profitable growth via acquisitions • Investing in people, systems and tools to cater for future g
Slide 17: Financial targets
Financial targets Time horizon 3-4 years 20% > 15% > 40% Growth Profitability Dividend Policy On average, grow revenue by To deliver an EBIT margin that Distribute at least 40% of 20% per year adjusted for reaches and exceeds 15% available net profits to currency effects, including shareholders in t
Slide 18: Q&A
Q&A 2025-04-25 18 © 2025 Dynavox Group AB (publ)
Slide 19: Thank you!
Thank you! 2025-04-25 19 © 2025 Dynavox Group AB (publ)