Windon Energy Group (WEG) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 were 3,102 TSEK, down from 4,535 TSEK year-over-year.

• EBITA improved to -1,823 TSEK from -2,218 TSEK year-over-year, with a negative EBITA margin.

• Strong order intake in the battery segment, with over 12 MSEK in new orders, mainly from private customers.

• Less than 30% of new orders were invoiced by quarter-end, indicating stronger underlying business than reported revenue.

• Cost control measures have started to show results, with further improvements expected in Q2.

Financial highlights

• Gross margin increased to 21% from 19% year-over-year.

• EBIT was -2,962 TSEK, compared to -3,207 TSEK year-over-year.

• Result per share after dilution was -0.16 SEK, up from -0.26 SEK year-over-year.

• Equity ratio rose to 84% from 78% year-over-year.

• Cash flow from operating activities was -2,601 TSEK, compared to -1,767 TSEK year-over-year.

Outlook and guidance

• Significant order backlog in the battery segment expected to be invoiced in Q2, supporting a shift toward profitable growth.

• Market conditions remain favorable for energy storage and efficiency, driven by rising energy needs and electrification.

• Summer is typically slower, but underlying sales trends are strong.