ADDvise Group (ADDV) Q1 2026 earnings summary

Executive summary

• Net revenue declined 15.7% year-over-year to SEK 357.4 million, with a 7.2% organic decrease and 8.5% negative currency impact.

• Order intake grew 2.6% year-over-year, with 13.3% organic growth in local currency, offset by -10.7% currency effects.

• EBITA fell 39.6% to SEK 45.5 million, with margin dropping to 12.7% from 17.8%.

• Profit for the period was SEK 8.4 million, down from SEK 25.6 million; adjusted profit was SEK 14.1 million.

• Cash flow from operating activities improved by 12.7% to SEK 41.2 million.

Financial highlights

• Operating profit (EBIT) was SEK 39.0 million, down from SEK 69.3 million year-over-year.

• Basic earnings per share were SEK 0.01, compared to SEK 0.10 in the prior year.

• Gross margin remained stable at 54.3%.

• Net debt stood at SEK 1,174.8 million, with net debt to EBITDA at 4.1x.

• Equity ratio improved to 39.0% from 24.1%.

Outlook and guidance

• Focus remains on strengthening profitability, improving capital efficiency, and reducing debt.

• Continued evaluation of selective acquisitions to enhance market position and earnings.

• Underlying demand expected to remain stable despite current market headwinds.