Lagercrantz Group (LAGR) Q1 2026 earnings summary

Executive summary

• Net revenues increased 10% year-over-year to MSEK 2,473, with 3% organic growth and 10% from acquisitions, offset by -3% currency impact.

• EBITA rose 12% to MSEK 432, margin improved to 17.5%, and profit after tax increased 18% to MSEK 263.

• Eleven acquisitions since July 2024 contributed annual revenue of MSEK 1,382, representing 15% of prior year net revenues.

• Cash flow from operations improved 23% to MSEK 288, supporting ongoing M&A and dividend payments.

• Board proposes a dividend increase to SEK 2.20 per share, up from SEK 1.90.

Financial highlights

• EBITA margin reached 17.5% for the quarter, up from 17.1% last year.

• Return on equity at 28%, exceeding the 25% target.

• Earnings per share increased to SEK 5.14 from SEK 4.93 year-over-year.

• Equity ratio at 34% and profit/working capital improved to 75%.

• Operating net debt rose to MSEK 3,359, mainly due to acquisitions.

Outlook and guidance

• Targeting 15% annual profit growth, aiming to double profit to MSEK 2 billion within five years.

• Acquisition pipeline remains strong, with several attractive targets under evaluation.

• Market expected to improve slowly, with electrification and infrastructure segments leading growth.

• Management remains cautiously optimistic, citing stable markets and strong financial position.

• Construction sector demand remains weak, but order intake is stable or slightly above invoiced sales.