Sweden's ITAB Q1 sales rise 4% but miss estimates

Itab AB

30/04/2026 06:19

Overview

Sweden retail store solutions firm's Q1 net sales rose 4% but missed analyst expectations

Q1 operating profit missed analyst expectations

Company cites stronger gross margin and HMY acquisition as key drivers amid cautious market

Outlook

Company says focus for coming quarters is strengthening earnings performance through identified synergies

ITAB aims to create profitable growth by capitalising on positive outcome at EuroShop

Company notes prevailing cautious market environment may impact sales in coming quarters

Result Drivers

HMY ACQUISITION - HMY contributed positively to sales growth and synergies, offsetting weak organic demand

CAUTIOUS MARKET - Organic sales declined 7% due to a cautious market environment, per Interim CEO Glauco Frascaroli

SYNERGY REALISATION - Lower selling and administrative expenses and stable profitability attributed to ongoing synergy realisation from HMY integration

Company press release: ID:nWkr35vDtn

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
SEK 2.92 bln
SEK 3.21 bln (3 Analysts)
Q1 Adjusted EPS
Miss
SEK 0.26
SEK 0.34 (1 Analyst)
Q1 Net Income
SEK 70 mln
Q1 Operating Profit
Miss
SEK 142 mln
SEK 174 mln (3 Analysts)
Q1 Operating Cash Flow
SEK 214 mln
Q1 Operating Margin
4.90%


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support supplies peer group is "buy."

Wall Street's median 12-month price target for ITAB Shop Concept AB is SEK23.75, about 69.4% above its April 29 closing price of SEK14.02

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 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.)