Svedbergs Group (SVED) Q1 2026 earnings summary

Executive summary

• Achieved organic growth of 3.4% in Q1 2026 despite a cautious market environment, confirming business model resilience.

• EBITA margin improved to 15.9%, exceeding long-term targets and reflecting strong profitability.

• Positive performance in key markets, notably the UK and Netherlands, with improved profitability in the Nordics.

• Continued focus on operational improvements, product development, digitalisation, and sustainability initiatives.

Financial highlights

• Net sales for Q1 2026 were SEK 584 million, a decrease of 2.1% year-over-year, with organic growth offset by a negative FX impact of -5.5%.

• EBITA for Q1 2026 was SEK 92.8 million, with a margin of 15.9%.

• Net income after tax was SEK 60.3 million; EPS for Q1 2026 was 1.13 (up from 0.99 YoY).

• Free cash flow for Q1 2026 was SEK -60 million, impacted by working capital outflows, seasonal customer bonuses, and earn-out payments.

• Rolling 12-month net sales reached SEK 2,240 million.

Outlook and guidance

• Well-positioned for continued profitable and sustainable growth despite macroeconomic and geopolitical uncertainty.

• Decentralized structure with autonomous brands expected to continue delivering strong results.

• Efficiency improvements ongoing in the Nordics; readiness to act on logistics and geopolitical risks.