Nolato (NOLA) Q1 2026 earnings summary

Executive summary

• Q1 2026 sales reached SEK 2,357 million, with 3% organic growth adjusted for currency, despite volatile geopolitical and currency headwinds.

• EBITA was SEK 260 million, with a stable margin of 11.0%, though profit after tax declined to SEK 181 million and EPS to SEK 0.67.

• Cash flow from operating activities improved to SEK 225 million, reflecting operational efficiency.

• Strong financial position maintained, with net financial liabilities/EBITDA at 0.5x and equity/assets ratio at 60%.

• Ongoing acquisition strategy and global expansion supported by robust balance sheet.

Financial highlights

• Net sales were SEK 2,357 million (down from SEK 2,453 million year-over-year), with 3% organic growth adjusted for currency.

• EBITA was SEK 260 million (down from SEK 271 million), and EBITA margin remained at 11.0%.

• Profit after tax was SEK 181 million, and earnings per share were SEK 0.67, both slightly lower than the prior year.

• Cash flow from operating activities increased to SEK 225 million, and cash flow after investments was SEK 32 million (up from -SEK 136 million).

• Net financial liabilities to EBITDA remained low at 0.5x.

Outlook and guidance

• Anticipates 5%-10% increase in raw material costs in the near term, with most impact in Q2 and some spillover into Q3.

• Margin impact from input cost inflation expected to normalize by Q3 as price increases are passed to customers with a 3-4 month lag.

• CapEx guidance for 2026 remains SEK 650–700 million.

• Expansion projects in Hungary, Poland, and Malaysia are progressing as planned, with commercial volumes in Hungary expected from end of Q2.

• Focus on innovation, sustainability, and intensified M&A agenda supported by strong financial position.