Sweden's Nimbus Group Q1 sales fall 14% on weak North American demand

Nimbus AB (publ)

28/04/2026 06:38

Overview

Sweden powerboat maker's Q1 net sales fell 14% on weak North American demand

Q1 EBITA loss widened, while operating cash flow improved sharply

Company says financial initiatives are starting to yield results, but market remains cautious

Outlook

Company says it is prepared to initiate additional measures if market conditions require

Nimbus Group notes continued weak market conditions, especially in North America

Result Drivers

NORTH AMERICAN WEAKNESS - Co attributed most of the sales decline to continued weak demand in the North American market

FINANCIAL INITIATIVES - Co said ongoing efforts to improve financial performance contributed to improved operating cash flow

Company press release: ID:nMFN9pmvPj

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 256.90 mln
Q1 EPS
-SEK 0.27
Q1 Net Income
-SEK 11.40 mln
Q1 EBIT
-SEK 30.20 mln
Q1 EBITA
-SEK 29.70 mln
Q1 EBITA Margin
-11.60%
Q1 Operating Cash Flow
-SEK 29.20 mln


Analyst Coverage

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 4 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.)