Enrad (ENRAD) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was SEK 7,113k, a sharp decline from SEK 16,210k in Q1 2025, reflecting a cautious market and delayed customer orders.

• Operating loss before depreciation and financial items was SEK -6,327k, compared to a profit of SEK 855k last year.

• Net result per share was SEK -0.26, down from SEK -0.01 in Q1 2025.

• Management highlights a strong pipeline and expects order growth in H2 2026 as projects in the Netherlands and Belgium move to decision phase.

Financial highlights

• Net sales dropped 56% year-over-year to SEK 7,113k.

• Operating loss after depreciation and financial items widened to SEK -7,076k from SEK -175k.

• Equity at period end was SEK 34,277k, down from SEK 49,032k a year earlier.

• Cash at quarter end was SEK 11m, compared to SEK 37m last year.

Outlook and guidance

• Management anticipates a significant increase in orders in H2 2026, especially as projects in key European markets progress.

• No capital injection is deemed necessary for continued operations through 2026.