Fasadgruppen Q1 sales fall 15% on unusually cold conditions in Nordics

Fasadgruppen AB (publ)

21/05/2026 06:39

Overview

Sweden property exterior specialist's Q1 sales fell 15%, with organic decline of 12%

Adjusted EBITA dropped sharply, net income was negative for the period

Order backlog rose 12% and rights issue raised SEK 488 mln, strengthening balance sheet

Outlook

Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

COLD WEATHER - Unusually cold conditions in the Nordics restricted production activity, impacting sales and earnings, according to CEO Martin Jacobsson

PROJECT DELAYS - Continued delays in UK Building Safety Regulator approvals postponed project starts, affecting revenue and profitability, per CEO Martin Jacobsson

NEGATIVE OPERATING LEVERAGE - Project postponements left costs in place while revenues were delayed, resulting in negative leverage, according to CEO Martin Jacobsson

Company press release: ID:nMFN17121l

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 994.90 mln
Q1 Net Income
-SEK 53.20 mln
Q1 Adjusted EBITA
SEK 5.10 mln
Q1 EBITA
-SEK 4.70 mln
Q1 EBITA Margin
-0.50%
Q1 Operating Cash Flow
-SEK 8.80 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy."

Wall Street's median 12-month price target for Fasadgruppen Group AB (publ) is SEK26.00, about 22.4% above its May 20 closing price of SEK21.25

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 4 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.)