Plejd (PLEJD) Q1 2026 earnings summary

Executive summary

• Revenue grew 39.7% year-over-year to 307,876 tkr in Q1 2026, driven by strong demand and increased inventory at wholesalers.

• Profitability improved significantly, with EBIT margin rising to 34.7% from 25.9% and EBITDA margin to 43.0% from 35.0%.

• Underlying installation growth remained high, reflecting robust organic demand.

• Launch of new LED-panel LPN-01 targeting commercial installations, with production ramp-up planned for Q2.

• European expansion and Nordic market strengthening remain strategic priorities.

Financial highlights

• Net income for Q1 2026 was 83,906 tkr, up from 44,991 tkr year-over-year.

• Gross margin increased to 55.8% from 51.6% year-over-year.

• EPS before dilution rose to 7.51 kr from 4.02 kr year-over-year.

• Cash flow from operations before working capital changes increased 65.4% to 115,567 tkr.

• Cash and equivalents at period end were 146,312 tkr, up from 62,290 tkr a year earlier.

Outlook and guidance

• Continued focus on organic growth and profitability, with expectations for further contributions from new product launches in the second half of 2026.

• Planned main market listing postponed to the second half of 2027 to prioritize operational execution.