Alligo (ALLIGO) Q1 2026 earnings summary

Executive summary

• Q1 2026 delivered strong results with revenue up 5.6% year-over-year to MSEK 2,358, driven by 4.9% organic growth and acquisitions, despite negative FX effects and weak but stable market conditions.

• Adjusted EBITDA/EBITA increased 53% to SEK/MSEK 113, with cash flow from operating activities improving to SEK/MSEK 209 from -SEK/MSEK 38 last year.

• Efficiency programs, cost controls, and inventory optimization supported profitability and cash flow across all regions.

• Strategic focus on sales, own brands, and sustainability, with EcoVadis Platinum rating placing the company among the top 1% globally.

• CEO transition announced, with Clein Ullenvik presenting his final report and Samuel Alteborg named new President and CEO effective June 1.

Financial highlights

• Revenue rose 5.6% year-over-year, with 4.9% organic growth and 2.5% from acquisitions; FX impact was -1.7%.

• Adjusted EBITDA/EBITA increased to SEK/MSEK 113, up 53% from SEK/MSEK 74.

• Adjusted EBITDA/EBITA margin improved to 4.8% (from 3.3%); gross margin stable at 40.8% (40.9% last year).

• Operating cash flow improved to SEK/MSEK 209 from -SEK/MSEK 38, supported by higher EBITDA and lower inventory.

• Net debt/EBITDA ratio decreased to 2.2x, within target range.

Outlook and guidance

• Management remains committed to organic growth, cost control, and strategic acquisitions, but does not promise to maintain 5% organic growth in Q2.

• Market outlook is stable but cautious, with positive trends in Sweden and Norway and continued recovery in Finland.

• Logistics investments, including Örebro expansion, to enhance scalability and long-term value creation.