Vimab Group (VIMAB) Q1 2026 earnings summary

Executive summary

• Net sales increased by 22% year-over-year to 67.5 MSEK for Q1 2026, driven by strong performance in VIM Energy Systems and improved results in Vimab AB.

• EBITDA improved to -12.7 MSEK from -18.5 MSEK year-over-year, and operating loss narrowed to -18.4 MSEK from -25.2 MSEK.

• Vimab AB posted its best Q1 ever, with EBITDA loss reduced to -1.7 MSEK from -11.3 MSEK, and has already turned profitable in April.

• VIM Energy Systems delivered 50 MWh battery systems to a major Norwegian joint venture and is now among Sweden's top ten electricity traders.

Financial highlights

• Net sales: 67.5 MSEK (up 22% year-over-year).

• EBITDA: -12.7 MSEK (improved from -18.5 MSEK year-over-year).

• Operating income: -18.4 MSEK (improved from -25.2 MSEK year-over-year).

• Net income: -21.8 MSEK (improved from -30.9 MSEK year-over-year).

• Cash flow from operations: -51.6 MSEK (down from -15.6 MSEK year-over-year).

Outlook and guidance

• Management expects a strong year, with Vimab AB already profitable in April and VIM Energy Systems well positioned in the fast-growing renewable energy market.

• Ongoing projects and high capital tied up in working capital are expected to positively impact future quarters.