Addtech (ADDT) Q1 25/26 earnings summary

Executive summary

• Net sales rose 7% year-over-year to SEK 5,839 million, with 1% organic and 10% acquired growth, offset by a 4% negative currency impact.

• EBITA grew 11% to SEK 922 million, with a margin of 15.8% (up from 15.3% last year).

• Two acquisitions completed, adding SEK 330 million in annual sales and 80 employees, strengthening growth and profitability.

• Order intake and backlog remained solid, supporting a positive short-term outlook.

• Profit after tax grew 13% to SEK 562 million, and EPS reached SEK 2.00 (up from SEK 1.80).

Financial highlights

• Operating profit before amortisation (EBITA) was SEK 922 million, up 11% year-over-year.

• EBITA margin reached 15.8% (15.4% adjusted), up from 15.3% in the same quarter last year.

• Cash flow from operating activities was SEK 477 million, down from SEK 602 million last year.

• Rolling 12-month profit over working capital improved to 77% from 71% year-over-year.

• Return on equity reached 29%, and equity ratio improved to 41%.

Outlook and guidance

• Short-term outlook remains positive, with a well-filled order book and high customer activity.

• Broad exposure to electrification, infrastructure, and defence supports stability and growth.

• Expect continued high acquisition pace and profitable growth, supported by a strong balance sheet.

• Exceptional growth in Energy segment not expected to be sustained at the same level in coming quarters.

• Well-diversified business and agile culture position the company to deliver on ambitious growth plans.