Sweden's Troax misses Q1 EBITA estimates as costs weigh

Troax AB (publ)

21/04/2026 07:15

Overview

Swedish safety solutions provider's Q1 sales rose 6% yr/yr but declined 13% organically

EBITA missed analyst expectations, impacted by one-off North American relocation costs

Adjusted EPS fell to 0.03 EUR from 0.09 EUR a year earlier

Outlook

Company says market demand remains difficult to assess and relatively weak

Company notes signs of improvement in demand toward the end of the qtr

Troax says recent acquisitions contributed significantly to order intake and invoicing

Result Drivers

ACQUISITIONS - Recent acquisitions contributed significantly to order intake and invoicing, according to CEO Martin Nyström

WEAK UNDERLYING DEMAND - Organic order intake and sales decreased, reflecting continued weak market demand

ONE-OFF COSTS - North American production relocation led to one-off costs that impacted operating profit

Company press release: ID:nWkr7ZNdfZ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
EUR 0.03
Q1 Net Income
EUR 1.80 mln
Q1 EBITA
Miss
EUR 7.20 mln
EUR 8.87 mln (3 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for Troax Group AB (publ) is SEK146.00, about 34.9% above its April 20 closing price of SEK108.20

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 24 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.)