Sweden's Gigasun Q1 revenue falls on lower tariffs

Gigasun AB (publ)

12/05/2026 12:10

Overview

Sweden solar PV operator's Q1 revenue fell yr/yr amid lower tariffs and weaker solar radiation

Company posted Q1 net loss of SEK -27.5 mln, with EPS at SEK -0.48

Installed capacity rose to 403.7 MW, but new contracts signed declined from prior year

Outlook

Company does not expect further electricity tariff changes in Jiangsu and Anhui in the near future

Result Drivers

LOWER ELECTRICITY TARIFFS - Company said adjusted tariffs in Jiangsu and Anhui reduced revenue by SEK 3.9 mln compared to prior year

WEAKER SOLAR RADIATION - Company said weaker solar radiation contributed to lower revenues

HIGHER NETWORK SALES - Company reported a higher proportion of sales directly to the grid, which contributed to lower revenues

Company press release: ID:nMFN4P3F4P

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 36.60 mln
Q1 Adjusted EPS
-SEK 0.48
Q1 Net Income
-SEK 27.50 mln
Q1 Operating Expenses
SEK 45.80 mln
Q1 Operating Profit
-SEK 9.20 mln


Analyst Coverage

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 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.)