Image Systems (IS) Q1 2026 earnings summary

Executive summary

• Q1 2026 saw weak performance due to low investment appetite and slow customer decisions, especially impacting the RemaSawco unit in the pressured wood products market.

• Motion Analysis showed stable development with increased order intake and a stronger backlog in subscription and support services.

• Focus remains on cash flow, cost control, and selective investment in product development and market presence.

Financial highlights

• Order intake dropped to MSEK 18.6 from MSEK 30.9 year-over-year.

• Net sales fell to MSEK 17.7 from MSEK 39.0 year-over-year.

• Gross margin improved to 90% from 72% due to revenue mix.

• EBITDA was MSEK -6.7, down from MSEK 2.8 year-over-year.

• Profit after tax was MSEK -13.8, compared to MSEK -2.5 last year.

• Cash flow from operating activities was MSEK -8.7, down from MSEK 16.1.

Outlook and guidance

• Continued focus on increasing recurring revenue, selective product development, and strengthening service and support.

• Market conditions expected to remain challenging, especially in the wood products sector.

• Long-term EBITDA margin target remains at 15%, but current market conditions delay progress.