SEHED Byggmästargruppen (SEHED) Q1 2026 earnings summary

Executive summary

• Net sales surged 37% year-over-year to 501.1 MSEK, with higher results at all profit levels including EBITDA, EBIT, and net income.

• Board proposes a 25% dividend increase to 1 SEK per share.

• Order backlog grew by 370 MSEK compared to March 2025, reaching 2,370.4 MSEK.

• New market area "SEHED Nyproduktion" established for low CO2 construction.

• Initiatives for organizational efficiency and sustainability are underway.

Financial highlights

• EBITDA rose to 16.2 MSEK (3.2% margin), up from 9.2 MSEK (2.5%) year-over-year.

• EBIT increased to 10.7 MSEK (2.1% margin) from 6.2 MSEK (1.7%).

• Net income after tax was 8.0 MSEK, up from 5.1 MSEK; EPS at 0.28 SEK (0.18 SEK prior year).

• Operating cash flow before working capital changes was 4.7 MSEK, but after changes was -35.3 MSEK.

• Cash and cash equivalents at period end were 166.9 MSEK, down from 212.0 MSEK.

Outlook and guidance

• Strong inflow of tender requests and expectations for market recovery in 2026.

• Continued focus on business development, recruitment, and sustainable materials.

• Ongoing efforts to meet requirements for listing on a regulated market.