Samhall (SH) Q1 2026 earnings summary

Executive summary

• Stable operations and positive business development in Q1 2026, with continued focus on employee support and engagement.

• Despite strong sales growth, the financial situation remains strained due to rising costs and insufficient compensation adjustments.

• 1,066 new employees with disabilities joined, and 292 transitioned to jobs outside the organization.

Financial highlights

• Net sales increased by 6% to SEK 902 million compared to Q1 2025.

• Operating result was SEK -141 million (Q1 2025: -34 million), mainly due to higher wage costs and lower state compensation.

• Net result for the period was SEK -152 million (Q1 2025: -64 million).

• Gross profit rose to SEK 771 million (Q1 2025: 736 million), with a gross margin of 85% (87%).

• Cash flow from operations was SEK -17 million (Q1 2025: 97 million); cash and bank at period end was SEK 1,148 million.

Outlook and guidance

• The government highlighted the organization’s importance and plans to revisit compensation in the 2027 budget proposal.

• Continued focus on employee development, business growth, efficiency, and cost control for the remainder of 2026.