Enento Group (ENENTO) Q1 2026 earnings summary

Executive summary

• Net sales grew to €39.6M, with growth in all segments and improved profitability year-over-year.

• Adjusted EBITDA increased to €13.5M, with margin rising to 34.1%.

• Sweden returned to growth after a decline, and Norway & Denmark delivered strong margin improvement.

• Transitioned to a country-based organizational structure, restructuring management and segment reporting.

• Change negotiations initiated to support strategy execution and smarter operations.

Financial highlights

• Net sales reached €39.6M, up 5.1% year-over-year, with all segments contributing.

• Adjusted EBITDA was €13.5M, up 8.5% year-over-year, with a margin of 34.1%.

• Free cash flow increased 59.4% to €11.1M; cash conversion was 90%.

• Adjusted EPS rose to €0.31; earnings per share was €0.21.

• Net debt/Adjusted EBITDA improved to 2.5x.

Outlook and guidance

• Net sales expected to grow 0–5% and Adjusted EBITDA to increase in 2026 at comparable FX rates.

• Macroeconomic and geopolitical uncertainties expected to persist into 2026, especially in Sweden.

• Stable demand anticipated for mortgage, unsecured loans, and business information services.

• Focus remains on cost control, cash flow, and investments in competitiveness and growth.