Nordrest (NREST) Q1 2026 earnings summary

Executive summary

• Achieved record net sales for Q1 2026, reaching 696 MSEK, a 30.3% increase year-over-year, with 15.9% organic growth and strengthened profitability; all growth is organic as of January.

• All customer segments reported increased net sales, with positive development, notable contract wins, and new business launches.

• EBITA margin rose to 10.2% from 9.2% year-over-year, driven by higher-margin customer groups.

• No significant events occurred during the quarter; post-quarter, a new board member was elected and a dividend of 8.50 SEK per share was approved.

Financial highlights

• Net sales rose to 696 MSEK from 534 MSEK, a 30.3% increase year-over-year.

• EBITA increased to 71 MSEK from 49 MSEK, with EBITA margin improving to 10.2% from 9.2%.

• EBITDA reached 81 MSEK (up from 57 MSEK); EBITDA margin at 11.6%.

• Earnings per share before dilution: 3.16 SEK; after dilution: 3.09 SEK.

• Operating cash flow (R12): 214 MSEK; cash and cash equivalents at period end: 190 MSEK.

Outlook and guidance

• Medium-term targets: organic growth above 10%, EBITA margin of 8-10%, dividend payout over 50% of net profit, and net debt/EBITDA below 2.0x.

• Management expresses confidence for the remainder of 2026, supported by a strong balance sheet and continued expansion plans.