Sweden Buyersclub (BUY) Q1 2026 earnings summary

Executive summary

• Net revenue grew 45% year-over-year to 30.5 MSEK, driven by new storefronts, broader assortment, and improved purchasing terms.

• Membership revenues increased 11% to 5.6 MSEK, with the introduction of differentiated membership tiers.

• EBITDA remained positive at 0.58 MSEK, though margin declined to 2% due to a shift in revenue mix.

• Strategic focus on AI-driven automation, platform expansion, and translating growth into profitability.

• Acquisition of the Zandvoort brand and partnership with AI company Etals to enhance product data automation.

Financial highlights

• Net revenue: 30.5 MSEK (up 45% year-over-year).

• Membership revenue: 5.6 MSEK (up 11% year-over-year).

• EBITDA: 0.58 MSEK (down from 0.64 MSEK); EBITDA margin: 2% (down from 3%).

• EBIT: -0.60 MSEK (down from -0.33 MSEK).

• Net result after tax: -0.99 MSEK (down from -0.55 MSEK).

• Operating cash flow: -1.3 MSEK (down from -0.3 MSEK).

• ARR at period end: 20.8 MSEK (up 4% year-over-year).

Outlook and guidance

• Management expects positive EBITDA margin development for the remainder of 2026.

• Full-year 2026 targets reaffirmed: net revenue of 150–200 MSEK and EBITDA of 8–12 MSEK.

• Price adjustments for memberships expected to have full effect from Q2 onward.