Transtema Group (TRANS) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was SEK 547.0 million, down 8.4% year-over-year, mainly due to weak demand in Norway and project delays in Sweden.

• Adjusted EBITA was SEK -5.3 million, with a margin of -1.0%, reflecting restructuring costs and lower volumes, especially in Norway.

• A major cost-saving program was launched, targeting annual savings of SEK 125 million and affecting about 250 positions.

• Leadership changes included the appointment of an interim CEO and an active chairman.

Financial highlights

• Organic revenue declined by 8.0% year-over-year; Norway saw a 25.2% drop, Sweden 3.0%.

• EBITA was SEK -12.4 million (margin -2.3%), adjusted EBITA SEK -5.3 million (margin -1.0%).

• Net result was SEK -26.7 million, or SEK -0.64 per share.

• Operating cash flow improved to SEK 23.7 million from SEK -14.5 million a year earlier.

• Net debt/EBITDA rose to 4.8 from 1.9 year-over-year.

Outlook and guidance

• Cost-saving and restructuring measures are expected to yield gradual effects, mainly in H2 2026.

• Market activity is increasing in Sweden, with several large projects under discussion, while Norway remains challenging.

• Expansion in electrical and energy solutions in Sweden is expected to support margins during the year.