Sweden's BHG Q1 profitability more than doubles, leverage falls

BHG AB

23/04/2026 06:15

Overview

Sweden online home retailer's Q1 net sales rose 1.9% yr/yr, organic growth 4.2%

Adjusted EBIT more than doubled, reflecting strategic and operational improvements

Company reduced leverage ratio and refinanced debt, securing long-term financing

Outlook

BHG says it aims for profitable growth through operational excellence and selective acquisitions

Company says improved financial position enables long-term financing and lowers financing costs

BHG updated financial targets in March but did not provide specific guidance for the current quarter

Result Drivers

OPERATIONAL MEASURES - Co said profitability more than doubled due to strategic and operational measures implemented during the quarter

EFFICIENCY AND DISCIPLINE - Co said a more focused and efficient group with better discipline across operations contributed to improved results

Company press release: ID:nMFN7vC2MP

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 2.25 bln
SEK 2.26 bln (1 Analyst)
Q1 Adjusted EPS
-SEK 0.10
Q1 Adjusted EBIT
SEK 44.50 mln
Q1 Adjusted EBIT Margin
2.00%
Q1 Organic Growth
4.20%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy"

Wall Street's median 12-month price target for BHG Group AB is SEK35.00, about 53.5% above its April 22 closing price of SEK22.80

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 25 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)