Norrhydro Group (NORRH) Q1 2026 earnings summary

Executive summary

• Turnover rose 20.5% year-over-year to EUR 7,194 thousand for Q1 2026, with EBITDA up 277% to EUR 906 thousand and operating profit at EUR 594 thousand, reflecting strong profitable growth.

• Profit for the period reached EUR 386 thousand, reversing a loss of EUR 365 thousand in Q1 2025; undiluted EPS was EUR 0.035 compared to EUR -0.033 a year earlier.

• Growth was driven by increased revenue and improved cost efficiency, despite mixed market conditions and sector-specific demand fluctuations.

Financial highlights

• EBITDA margin improved to 12.6% from 4.0% year-over-year; operating profit margin reached 8.3% from -1.6%.

• Cash flow from operations was EUR 669 thousand, up from EUR -553 thousand in Q1 2025.

• Equity ratio increased to 36.1% from 30.9% year-over-year.

• Return on equity was 4.6% versus -4.7% a year ago; return on investments was 3.4% compared to -0.53%.

Outlook and guidance

• Revenue for 2026 is expected at EUR 30,000–32,000 thousand, with EBITDA guidance of EUR 3,000–4,000 thousand, focusing growth in the second half of the year.

• The company maintains its previous guidance, anticipating continued positive business development.