TagMaster (TAGM) Q1 2026 earnings summary

Executive summary

• Net sales rose 10.6% year-over-year to SEK 110.7 million, with organic and currency-adjusted growth of 19.1%.

• Adjusted EBITDA improved to SEK 15.9 million from SEK -2.1 million, with a margin of 14.4%.

• Operating profit reached SEK 8.6 million, up from SEK -11.2 million, and profit for the period was SEK 4.3 million.

• Strong cash flow from operating activities at SEK 35.7 million, and equity ratio increased to 56.9%.

• Growth was driven by robust performance in Europe and the US, with efficiency programs reducing costs.

Financial highlights

• Gross margin was 68.6%, slightly up from 68.4% year-over-year.

• Adjusted EBITA was SEK 13.5 million (margin 12.2%), compared to SEK -5.4 million last year.

• Earnings per share improved to SEK 0.30 from SEK -0.52.

• Available liquidity at quarter-end was SEK 97.5 million, with cash and cash equivalents at SEK 69.4 million.

• Net debt/EBITDA (R12M) improved to 0.4 from 0.9.

Outlook and guidance

• Management remains positive on long-term prospects, focusing on organic and acquisition-driven growth.

• Continued investment in AI, software, and data-driven solutions to strengthen competitiveness.

• Market uncertainty persists due to tariffs, supply chain disruptions, and geopolitical factors.