Sweden's Svedbergs Q1 net sales dip 2%, but margins improve

Svedbergs AB

23/04/2026 06:47

Overview

Sweden bathroom products maker's Q1 net sales fell 2%, but organic growth was positive

Q1 EBITA margin improved to 15.9% amid efficiency gains and operational improvements

Free cash flow turned negative in Q1, mainly due to seasonal effects and earn-out payment

Outlook

Company says geopolitical tensions and logistics disruptions may impact energy markets and freight costs

Svedbergs says it enters remainder of yr with stable platform and focus on profitable growth

Company says geographic diversification and decentralized model provide flexibility in changing market

Result Drivers

EFFICIENCY AND SOURCING - Co said improved gross margin was driven by focused efforts in sourcing, product mix and efficiency

BRAND PERFORMANCE - Co said Roper Rhodes in the UK and Thebalux in the Netherlands contributed with stable and high profitability

OPERATIONAL IMPROVEMENTS - Co said positive effects from implemented measures led to improved efficiency and strong margins in the Nordics

Company press release: ID:nMFN6cRnw9

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 583.70 mln
Q1 EPS
SEK 1.13
Q1 EBIT
SEK 89.40 mln
Q1 EBITA
SEK 92.80 mln
Q1 Free Cash Flow
-SEK 59.70 mln
Q1 Pretax Profit
SEK 80.20 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

Wall Street's median 12-month price target for Svedbergs Group AB is SEK70.75, about 19.7% above its April 22 closing price of SEK59.10

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 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.)