Sweden's FM Mattsson Q1 sales rise 4%, EBITA margin falls on one-off costs

FM Mattsson AB (publ)

07/05/2026 07:10

Overview

Sweden water tap maker's Q1 sales rose 4% yr/yr, with 7.7% organic growth

Q1 EBITA margin fell to 9% due to one-off costs from efficiency programme

Company completed efficiency programme, expects annual cost savings of 25 MSEK

Outlook

Company expects annual cost savings of about 25 MSEK from completed efficiency programme

Company sees most cost savings from efficiency programme taking effect from Q2 2026

Company says macroeconomic recovery is expected to progress gradually from low levels

Result Drivers

EFFICIENCY PROGRAMME - Co completed efficiency programme, incurring one-off costs in Q1 but expects annual personnel cost savings of 25 MSEK

ORGANIC GROWTH & PRODUCT LAUNCHES - Organic growth of 7.7% driven by growth in both Nordic and international operations, supported in part by recent product launches

SUPPLY CHAIN DISRUPTIONS - Indirect effects from unrest in the Middle East led to supply chain disruptions and input cost increases

Company press release: ID:nMFN5RyttY

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 544.90 mln
Q1 EPS
SEK 0.78
Q1 EBITA
SEK 48.80 mln
Q1 EBITA Margin
9.00%
Q1 Organic Growth
7.70%


Analyst Coverage

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

The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

Wall Street's median 12-month price target for FM Mattsson AB (publ) is SEK80.00, about 7% below its May 6 closing price of SEK86.00

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 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.)