Swedish optical retailer Synsam's Q1 net sales rise

Synsam AB (publ)

08/05/2026 06:41

Overview

Sweden optician group's Q1 net sales rose 3.8% yr/yr, organic growth at 5.6%

Earnings per share before and after dilution for Q1 increased to SEK 0.92 from SEK 0.60

Outlook

Synsam plans to open seven to nine new stores in Q2 2026 in the Nordics

Company sees continued potential for expansion in the Nordic region

Synsam aims for cost-effective international expansion via e-commerce partnership with Erling Haaland

Result Drivers

SUBSCRIPTION GROWTH - Growth in spectacles and contact lens subscriptions contributed to higher net sales and customer base expansion

MARGIN IMPROVEMENT IN SWEDEN - Higher margins in Sweden, Synsam's largest market, supported profitability gains

POSITIVE ORGANIC GROWTH ACROSS NORDICS - Organic growth in all Nordic markets, especially Finland, contributed to overall sales increase

Company press release: ID:nWkr4p8sRr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 1.77 bln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy."

Wall Street's median 12-month price target for Synsam AB (publ) is SEK80.00, about 40.6% above its May 7 closing price of SEK56.90

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 17 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.)