Sweden's Careium Q1 net sales, profit rise, but margins narrow

Careium AB (publ)

23/04/2026 07:15

Overview

Sweden care tech firm's Q1 net sales rose 5.9%, or 10.9% adjusted for currency effects

Q1 profit increased yr/yr, but operating margin declined due to integration and onboarding costs

Gross margin fell to 43.2% from 44.5%; free cash flow negative on working capital build-up

Outlook

Company expects margin pressure to continue in Q2 due to structural initiatives and onboarding costs

Careium says demographic trends are driving demand for technology-enabled care solutions

Company sees opportunities for both organic and selective non-organic growth in a fragmented market

Result Drivers

PRODUCT DEVELOPMENT AND INTEGRATION COSTS - Co said operating margin was impacted by investments in product development and business integration

LARGE CUSTOMER ONBOARDING - Upfront costs from onboarding a large customer in Norway temporarily weighed on margins

PRODUCT SALES GROWTH - Product sales increased 18.1% to SEK 55.6 mln, outpacing service sales growth

Company press release: ID:nMFNFKjv

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 219.60 mln
Q1 EPS
SEK 0.31
Q1 Gross Margin
43.20%
Q1 Free Cash Flow
-SEK 14 mln
Q1 Operating Margin
5.70%


Analyst Coverage

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 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.)