Sweden's MilDef Q1 sales, profit surge on strong demand

MilDef AB

23/04/2026 07:20

Overview

Sweden defense IT provider's Q1 net sales rose 108% yr/yr, driven by organic and acquired growth

Adjusted EBITA and earnings per share improved sharply from prior year

Company expanding production facilities to meet high demand; order intake hit new record

Outlook

MilDef expects sustained high demand for its products and solutions in coming quarters

Company says European defense investments are expected to support further growth opportunities

MilDef anticipates more stable margins and cash flow from strategic contracts in solutions offering

Result Drivers

ACQUISITION IMPACT - Acquisition of roda computer GmbH contributed significantly to sales growth and profitability, but lowered gross margin

RECORD ORDER INTAKE - Company reported a new record for order intake, reflecting continued strong demand

SOLUTIONS CONTRACTS - Strategic contracts for solutions offering supported margin improvement and are expected to provide more stable cash flow

Company press release: ID:nWkr8ccTR

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Gross Margin
44.30%
Q1 Orders
SEK 1.09 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for MilDef Group AB is SEK195.00, about 12.5% above its April 22 closing price of SEK173.30

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 20 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.)