Sweden's Systemair Q1 sales rise amid strength in N. America, Eastern Europe

Systemair AB

27/08/2026 11:39

Overview
Sweden ventilation group's Q1 net sales rose 6% yr/yr, with organic growth at 6%
Adjusted EBIT and operating margin improved, driven by growth in North America and Eastern Europe
Company acquired Temspec, a Canadian decentralised ventilation systems maker, in July 2026

Outlook
Systemair says profitability target of 10% operating margin is well within reach
Company expects continued growth and improved profitability
North America and Eastern Europe expected to remain strong growth regions

Result Drivers
REGIONAL GROWTH - Co said all regions contributed positively to organic growth, with North America and Eastern Europe posting double-digit growth
MARGIN IMPROVEMENT - Adjusted operating margin improved to 9.9% from 9.3%

Company press release: ID:nWkr1LJRGs

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Slight Beat*
SEK 3.28 bln
SEK 3.27 bln (1 Analyst)
Q1 Adjusted EBIT
 
SEK 324 mln
 
Q1 EBIT
 
SEK 311 mln
 
Q1 EBIT Margin
 
9.50%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for Systemair AB is SEK95.50, about 11.4% above its August 26 closing price of SEK85.70
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 16 three months ago

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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.)