Beijer Alma (BEIA) Q1 2026 earnings summary

Executive summary

• Net revenue rose 3.5% year-over-year to MSEK 2,029, with organic growth of 2% and order bookings up 5.2% to MSEK 2,141; both main divisions contributed positively.

• Q1 2026 saw strong earnings growth and continued profitability improvement, with demand increasing throughout the quarter, especially in the US and Nordics.

• March saw a significant uptick in activity after a slow start in January and February, with limited immediate impact from broader economic or geopolitical turmoil.

• No acquisitions were completed in Q1 2026, but acquisition activity is expected to pick up later in the year.

• The group demonstrated resilience amid economic uncertainty, with strong activity in North America and the Nordics.

Financial highlights

• Adjusted EBITA increased 15.5% to MSEK 325, with margin improving to 16.0% from 14.4%.

• EBITDA margin improved by 50% year-over-year in Q1, reaching 19.4%.

• Earnings per share climbed 30.8% to SEK 3.40, driven by higher profitability and lower interest expenses.

• Net revenue rose 4% year-over-year to 2,029 MSEK in Q1 2026.

• Cash flow from operating activities improved to MSEK 73 from MSEK 52, up 40% year-over-year.

Outlook and guidance

• Continued growth focus for 2026, with high pace in acquisitions and operational improvements; acquisition-driven growth remains a priority, especially in Europe.

• Expectation of continued acquisition activity, with potential deals in both Beijer Tech and Beijer Components later in the year.

• Anticipated similar effects from the action plan in Q2 as seen in Q1, particularly regarding phased-out low-margin business.

• Price increases in materials may occur, with efforts to pass these on to customers as needed.

• Uncertainty remains regarding the impact of geopolitical events and the sustainability of the March demand surge.