Alcadon Group (ALCA) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 decreased by 10% year-over-year to SEK 345 million, with a 5.3% decrease in constant currency.

• Adjusted EBITA rose slightly by 0.6% to SEK 25 million, and the adjusted EBITA margin improved to 7.2% from 6.4% last year.

• Gross margin increased to 26.9% from 25.8% year-over-year, reflecting a focus on profitable business and improved product mix.

• Cash flow from operating activities was strong at SEK 30 million, up from SEK 10 million in Q1 2025.

• Profit for the period was SEK 10.5 million, up from SEK 8.1 million year-over-year.

Financial highlights

• Net sales: SEK 345.4 million (Q1 2025: SEK 385.6 million).

• Adjusted EBITA: SEK 24.9 million (Q1 2025: SEK 24.7 million).

• Gross margin: 26.9% (Q1 2025: 25.8%).

• Earnings per share: SEK 0.43 (Q1 2025: SEK 0.33).

• Net debt ratio improved to 2.3x from 2.6x sequentially.

Outlook and guidance

• Positive growth expected in data centres, while broadband market exposure is reduced to 20% of revenue.

• Subsidiaries are encouraged to pursue growth or improve profitability based on their P/WC performance.

• The company aims to balance market fluctuations by expanding offerings in structured cabling, data centres, and broadband.

• Acquisition of profitable, well-managed companies remains a strategic focus.