Öresund (ORES) Q1 2026 earnings summary

Executive summary

• Net asset value (NAV) increased by 9.4% to SEK 5,780 million (SEK 127/share) as of March 31, 2026, outperforming the SIX Return Index, which fell by 1.2% during the same period.

• Earnings per share for the quarter were SEK 10.91, up from SEK 3.18 year-over-year.

• Major positive NAV contributions came from Scandi Standard and Ovzon, while Bilia had a negative impact.

• Share price total return was 26% for the quarter.

Financial highlights

• Consolidated profit for the quarter was SEK 496 million (SEK 145 million in Q1 2025).

• Value changes in securities amounted to SEK 442 million (SEK 101 million), and dividends received were SEK 42 million (SEK 50 million).

• Cash and cash equivalents increased to SEK 204 million from SEK 74 million at year-end 2025.

• Equity at period-end was SEK 5,780 million, up from SEK 5,284 million at year-end.

Outlook and guidance

• Portfolio is positioned for resilience amid geopolitical and market turbulence, with a focus on companies with proven, competitive, and profitable business models.

• Management remains flexible in portfolio allocation to adapt to ongoing global uncertainties.