Sweden's Embellence Q1 net sales fall 1% as EPS drops

Embellence AB (publ)

05/05/2026 07:12

Overview

Sweden interior decor firm's Q1 net sales fell 1% yr/yr, organic growth up 3%

Adjusted EPS for Q1 dropped to SEK 0.75 from SEK 1.00 yr/yr

Direct-to-consumer sales growth offset by negative currency effects and lower Cole & Son sales

Outlook

Company did not provide specific financial guidance for the current or upcoming periods

Result Drivers

DIRECT-TO-CONSUMER SALES - Growth in direct-to-consumer sales, especially from Boråstapeter, Pappelina and Artscape, drove organic growth

CURRENCY IMPACT - Strong Swedish krona, particularly against USD and GBP, negatively affected sales and earnings

COLE & SON SALES DECLINE - Sales at Cole & Son fell due to a strategic change in distribution setup

Company press release: ID:nMFN1YcqbS

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
SEK 201 mln
SEK 220 mln (1 Analyst)
Q1 Adjusted EPS
SEK 0.75
Q1 Net Income
SEK 18 mln
Q1 EBITA
SEK 28 mln
Q1 Operating Cash Flow
SEK 14 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the home furnishings peer group is "buy"

Wall Street's median 12-month price target for Embellence Group AB (publ) is SEK45.00, about 25.3% above its May 4 closing price of SEK35.90

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)