Sweden's Storskogen Q1 sales fall, hurt by seasonal softness

Storskogen AB (publ)

29/04/2026 06:24

Overview

Sweden's diversified group reported Q1 net sales down 1% yr/yr to SEK 7,851 mln

Adjusted EBITA for Q1 fell 9% yr/yr; profit for the quarter also declined

Company says Q1 is seasonally softest, with gradual earnings improvement during the quarter

Outlook

Storskogen expects historically stronger performance in the second quarter

Company says it has a structurally solid foundation and robust balance sheet for future stability

Result Drivers

SEASONAL SOFTNESS - Co said Q1 is typically its weakest quarter, which contributed to lower earnings

ORGANIC SALES GROWTH - Co reported 2% organic sales growth in Q1, despite overall sales decline

PORTFOLIO FOCUS - Co said a more focused portfolio and robust balance sheet provide stability and flexibility, per CEO

Company press release: ID:nWkrn46Q8

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 7.85 bln
Q1 Adjusted EPS
SEK 0.13
Q1 Net Income
SEK 171 mln
Q1 Adjusted EBITA
SEK 639 mln
Q1 Adjusted EBITA Margin
8.10%
Q1 EBIT
SEK 406 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the consumer goods conglomerates peer group is "buy"

Wall Street's median 12-month price target for Storskogen Group AB (publ) is SEK16.10, about 64.3% above its April 28 closing price of SEK9.80

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 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.)