Mysafety Group (SAFETY) Q1 2026 earnings summary

Executive summary

• Net profit for Q1 2026 rose sharply to 8.0 MSEK from 0.8 MSEK year-over-year, with operating cash flow up to 25.7 MSEK from 13.4 MSEK.

• Net sales declined 6.3% to 78.8 MSEK due to ongoing transformation, while operating profit excluding customer contract amortization was 9.4 MSEK (down from 10.9 MSEK).

• Strategic review initiated to explore options including sale, acquisition, or other transactions to maximize shareholder value.

• New CEO appointed for the main subsidiary, with a focus on scaling growth and strengthening marketing.

Financial highlights

• Net sales: 78.8 MSEK (84.2 MSEK Q1 2025); EBITDA: 12.4 MSEK (14.7 MSEK); Operating profit: 2.3 MSEK (3.9 MSEK).

• Net profit: 8.0 MSEK (0.8 MSEK); EPS: 0.36 SEK (0.05 SEK); Equity: 143.9 MSEK (89.3 MSEK).

• Cash flow from operations: 25.7 MSEK (13.4 MSEK); cash position at period end: 69.0 MSEK (49.5 MSEK).

• Net cash improved to 8.2 MSEK from -62.3 MSEK year-over-year.

Outlook and guidance

• Financial targets for 2027: revenue of 500 MSEK and EBITDA margin of 20%.

• Growth focus on scaling in Sweden, Norway, and Finland, leveraging a new digital platform and partner strategy.