Malmbergs Elektriska (MEAB) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was 112.6 MSEK, down from 119.8 MSEK year-over-year, with a reduced operating loss of -2.4 MSEK compared to -4.1 MSEK.

• Net loss after tax improved to -3.3 MSEK from -7.1 MSEK year-over-year.

• Largest-ever DC charging order (16 MSEK) secured in public transport segment, validating strategic focus.

• Ongoing cost discipline and improved cash flow remain top priorities.

Financial highlights

• Operating margin improved to -2.1% from -3.4% year-over-year.

• Cash flow from operations was 7.6 MSEK, down from 13.7 MSEK year-over-year.

• Solid equity ratio at 68.3%, up slightly from 68.2% year-over-year.

• Earnings per share improved to -0.41 SEK from -0.89 SEK year-over-year.

• Inventory reduced to 194.4 MSEK from 223.9 MSEK year-over-year.

Outlook and guidance

• Market conditions remain uncertain, requiring selectivity and agility in decision-making.

• Continued focus on cost control, profitability, and capital efficiency.

• No significant post-period events affecting the outlook.