Citira (CITRA) Q1 2026 earnings summary

Executive summary

• Total revenue rose 54.6% year-over-year to SEK 632.6 million, driven by acquisitions and early seasonal demand.

• LFL revenue increased 3.1% (6.2% in constant currencies), with improved profitability in a seasonally slow quarter.

• Ten acquisitions completed, including entry into the UK market; two more announced post-period.

• Adjusted EBITDA improved to SEK -26.8 million from SEK -44.1 million; LFL adjusted EBITDA turned positive at SEK 4.5 million.

Financial highlights

• Reported adjusted EBITDA margin improved to -4.2% from -10.8% year-over-year.

• Earnings before tax was SEK -183.0 million, impacted by higher interest expenses from increased borrowings.

• Cash flow for the quarter was SEK -207.2 million, mainly due to acquisition investments and inventory build-up.

• Net debt at period end was SEK 2,853.6 million, or 5.26x LFL Adjusted EBITDA R12M.

Outlook and guidance

• Focus remains on commercial initiatives, synergy realization, and operational efficiency amid macro uncertainty.

• Rising oil prices and input costs present ongoing challenges, but the group is positioned to capture demand.