Mips AB
MIPS
ISIN SE0009216278 / Valor 36057061
Mips AB
UMushroom community rating:
About company
Mips AB is a Swedish company specializing in helmet-based safety and protection systems, primarily known for its patented MIPS® (Multi-directional Impact Protection System) technology. This technology is designed to enhance the safety of helmets by reducing rotational forces that can occur during angled impacts, which are believed to contribute to brain injuries. Mips collaborates with leading manufacturers of safety helmets and personal protective equipment (PPE) to integrate its systems into a variety of helmets, including those used in construction and other high-risk industries. The company's focus is on improving the protective capabilities of helmets, although it acknowledges the inherent limitations of any impact protection system.
Summarized from source with an LLMView SourceSector: Business ServicesLatest Results (21.01.2026):
Mips AB — Q1 2025: The company reported strong first-quarter results with net sales of SEK 116m, up 40% year‑on‑year (organic +42%), operating profit SEK 24m (+78%), operating margin 20.9% (up 4.5 percentage points), diluted EPS SEK 0.71 (+63%) and positive operating cash flow SEK 36m (vs. SEK -10m in Q1 2024). Management notes good growth across Sports, Motorcycle and Safety categories but flags legal costs and trade‑tariff uncertainty as near‑term headwinds.
Key financials
Net sales SEK 116m (83); gross profit SEK 83m (57) — gross margin 72.1% (69.4); EBIT SEK 24m (14) — EBIT margin 20.9% (16.5); profit for period SEK 19m (12); diluted EPS SEK 0.71 (0.44).
Sales growth detail
Reported net sales +40% YoY; organic growth +42% (currency effects slightly negative); strongest category growth: Safety +60%, Sports +40%, Motorcycle +32%.
Regional breakdown
Sales concentrated in North America (SEK 63m), Europe SEK 32m, Sweden SEK 14m and Asia & Australia SEK 7m — North America remains the largest market.
Cash, liquidity and balance sheet
Cash & cash equivalents including short‑term investments SEK 408m (400) at 31 Mar 2025; total assets SEK 742m; equity SEK 647m and equity ratio 87%.
Cash flow and investments
Operating cash flow SEK 36m (‑10); cash flow from investing SEK -3m; financing cash flow SEK -1m. Low capex in Q1 (SEK 3m).
Costs, one‑offs and drivers
Administrative costs rose (SEK 23m vs SEK 15m) mainly due to legal costs related to a lawsuit involving a US customer; operating profit also affected by revaluation of receivables due to a weaker dollar.
Risks and outlook commentary
CEO highlights uncertainty from elevated US import tariffs and potential short‑term order delays; Mips stresses long‑term demand and its strategy to continue investing and protecting IP despite near‑term uncertainty.
Shareholder items and other notes
Board will propose dividend SEK 6.50 per share for 2024; average employees 106; continued high level of customer projects though project revenues were lower this quarter due to mix and phasing.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
744 M
Market cap (USD)
283,524
Daily traded volume (Shares)
474.6 / 465.2
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
Alexander Ivanovic
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