Bokusgruppen (BOKUS) investor relations material

Executive summary

• Net sales for Q1 2026 were SEK 502.2 million, down 0.8% year-over-year, but gross margin improved to 43.7% from 42.5%.

• EBITA grew by 1.4% to SEK 13.8 million, and net income after tax improved to SEK -1.7 million from -3.8 million.

• Akademibokhandeln saw positive in-store and even stronger online growth, while Bokus experienced decreased sales but improved gross margin.

• Strong performance in the annual book sale and continued positive trend in Akademibokhandeln, despite one less store.

• Launch of a new e-commerce platform for Bokus in April, following last year's successful launch for Akademibokhandeln.

Financial highlights

• Gross profit increased by 2.0% to SEK 219.5 million, driven by higher gross margin and favorable product mix.

• EBITA margin remained stable at 2.7%.

• Earnings per share before dilution improved to -0.11 SEK from -0.23 SEK.

• Net debt/adjusted EBITDA at 0.3x (down from 0.6x year-over-year); equity ratio at 45.0% as of March 31, 2026.

• Operating cash flow was -75.0 MSEK, a slight improvement from -75.4 MSEK last year.

Outlook and guidance

• No direct impact yet from geopolitical tensions or economic uncertainty, but readiness to adapt remains.

• Continued focus on leveraging new e-commerce platforms to drive growth and efficiency.

• Expansion of physical retail network with new store openings in Marieberg (April) and Skärholmen Centrum (June).

• Board proposes a dividend of 4.00 SEK per share, up from 3.60 SEK.