LumenRadio (LUMEN) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 increased to 58.2 MSEK (56.0), with EBITDA rising to 10.5 MSEK (5.8) and an EBITDA margin of 18.0% (10.4%).

• Building Automation delivered robust growth, offsetting a decline in Lighting Control, which was impacted by prior year tariff-driven demand.

• Updated long-term financial targets: over 500 MSEK revenue by 2030 and EBITDA margin above 20%.

• Strategic focus on expanding OEM partnerships and ecosystem offerings, especially in W-BACnet and W-Modbus.

• Net income per diluted share was 0.43 SEK (0.00).

Financial highlights

• Gross margin improved to 68.0% (63.1%), mainly due to product mix changes in Building Automation.

• EBIT rose to 6.5 MSEK (2.1), and net profit improved to 5.1 MSEK (0.4).

• Cash flow was positive at 4.1 MSEK, reversing a negative 17.1 MSEK in the prior year; cash at period end was 113.6 MSEK.

• Operating expenses decreased to 51.8 MSEK (53.9), reflecting lower raw material and external costs.

• Average number of employees was 74 (73).

Outlook and guidance

• Long-term targets revised: aim to double organic sales to over 500 MSEK by 2030, maintaining EBITDA margin above 20% over a business cycle.

• Continued investment in sales channels, product development, and wireless solutions to support future growth.

• No tangible impact from Middle East turbulence; risk of higher energy costs noted but not yet realized.

• Building Automation outlook is stable, supported by a record $5.7 million order for delivery from Q2 onward.

• Entertainment Lighting and Building Automation segments show strong demand and positive trends.