Veteranpoolen (VPAB) Q1 2026 earnings summary

Executive summary

• Revenue grew by 13.7% year-over-year to 126.8 MSEK in Q1 2026, with both corporate and private customer segments contributing positively.

• Operating profit increased to 6.3 MSEK, up from 3.7 MSEK in Q1 2025, despite 1.6 MSEK in international expansion costs.

• Net profit after tax reached 5.2 MSEK, compared to 2.9 MSEK in the prior year.

• Seniorstyrken ApS in Denmark showed strong growth, with Q1 revenue rising to 4 MSEK from 1 MSEK year-over-year.

Financial highlights

• Operating margin improved to 5.0% from 3.3% year-over-year.

• Earnings per share before dilution were 0.26 SEK (0.15 SEK), and after dilution 0.25 SEK (0.14 SEK).

• Cash flow from operations after working capital changes was -9.9 MSEK, down from -5.2 MSEK.

• Liquidity at quarter-end was 78.6 MSEK, up from 58.9 MSEK a year earlier.

• Equity ratio increased to 50.3% from 48.3% year-over-year.

Outlook and guidance

• Focus remains on supporting local franchisees, expanding internationally, and maintaining high service quality.

• Preparations underway for seasonal demand from private and corporate clients in upcoming quarters.