Acuvi (ACUVI) Q1 2026 earnings summary

Executive summary

• Focused on high-precision motion solutions for sectors including space, defense, healthcare, and semiconductors, with three business units: TPA Motion, PiezoMotor, and Sensapex.

• Revenue for Q1 2026 was SEK 51.2 million, nearly unchanged year-over-year, reflecting a stable business base.

• EBITDA dropped to SEK 3.3 million (6% margin) from SEK 10.4 million (20% margin) year-over-year, mainly due to higher costs.

• Strategic focus is shifting toward profitability, stronger cash flow, and a clearer commercial structure, including a transition from distributor-led to direct sales.

• Emphasis on building long-term partnerships and customer stickiness.

Financial highlights

• Q1 net sales were SEK 51.2 million, flat year-over-year, with stable order intake.

• Gross profit was SEK 26.7 million (52% margin), down from SEK 30.6 million (60% margin) year-over-year.

• Operating loss of -SEK 7.6 million, impacted by accelerated depreciation of certain intangible assets.

• Free cash flow improved to SEK 9.5 million from SEK 3.2 million, driven by positive working capital changes.

• Earnings per share were -0.08 SEK, compared to 0.12 SEK in Q1 2025.

Outlook and guidance

• Targets (not formal guidance) call for 10%-15% top-line growth, with higher targets in some areas.

• EBITDA target for 2026 is set at SEK 37–50 million.

• High internal targets for growth across regions and business units, with a focus on profitable expansion and higher-margin proprietary products.

• APAC region expected to grow 50%-100% by year-end if current trends continue.

• Management expects continued positive trends in PiezoMotor and strong customer interest in semiconductor and space industries.