Garpco (GARPCO) investor relations material

Executive summary

• Net sales increased by 4% year-over-year to 177,945 tkr in Q1 2026, with organic growth of 1% excluding acquisitions.

• EBITDA rose 221% to 15,936 tkr, driven by strong demand in Polymeric Materials and positive restructuring effects in Interior and Design.

• EBITA margin improved to 6.6% from 0.2% year-over-year.

• Profit after tax reached 5,839 tkr, up from a loss of -2,096 tkr in Q1 2025.

• Acquisition of 51% of Mindu Wear Protection AB (now UW-MINING AB) strengthens presence in the mining sector.

Financial highlights

• Net sales: 177,945 tkr (170,354 tkr), up 4% year-over-year.

• EBITDA: 15,936 tkr (4,964 tkr), up 221%.

• EBITA: 11,788 tkr (419 tkr); EBITA margin: 6.6% (0.2%).

• Net debt: 58,785 tkr (54,773 tkr); net debt/EBITDA: 1.1 (1.6).

• Equity ratio: 54.7% (53.2%).

• Earnings per share: 5.56 kr (-2.01 kr).

Outlook and guidance

• Focus remains on profitability, margin improvement, and developing high-growth segments.

• Polymeric Materials to expand in defense, offshore, energy, and mining, with UW-MINING expected to drive long-term growth.

• Interior and Design continues efficiency measures, phasing out unprofitable lines.

• Financial discipline and focus on robust, efficient group structure prioritized amid market turbulence.