Sweden's Vestum Q1 net sales drop,  adjusted EBITA margin rises on organic growth

Vestum AB (publ)

28/04/2026 06:22

Overview

Swedish infrastructure services group's first-quarter net sales fell yr/yr, with organic sales growth at -2%

Adjusted EBITA and margin rose, driven by Flow Technology and Niche Products segments

Company completed two add-on acquisitions and reported strong cash flow improvement

Outlook

Vestum expects continued stable development in Flow Technology segment

Company expects margins in Niche Products segment to continue improving

Vestum says Solutions segment earnings to grow progressively during 2026 after divestitures

Result Drivers

FLOW TECHNOLOGY PERFORMANCE - Segment delivered 59% EBITA growth and margin expansion, driven by acquisitions, organic growth, and UK AMP8 investment plan effects

NICHE PRODUCTS DIVESTITURE - EBITA rose 15% and margin improved, helped by divestiture of a low-margin company and organic growth

SOLUTIONS SEGMENT PRESSURE - Lower volumes and earnings due to recent divestitures, low-margin project completions, and cold winter weather

Company press release: ID:nMFN8rK26T

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
SEK 826 mln
SEK 921 mln (1 Analyst)
Q1 Adjusted EBITA
SEK 96 mln
Q1 Adjusted EBITA Margin
11.70%
Q1 EBIT
SEK 24 mln
Q1 EBITA
SEK 93 mln
Q1 EBITA Margin
11.20%


Analyst Coverage

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

The average consensus recommendation for the construction & engineering peer group is "buy."

Wall Street's median 12-month price target for Vestum AB (publ) is SEK11.00, about 8.3% above its April 27 closing price of SEK10.16

The stock recently traded at 87 times the next 12-month earnings vs. a P/E of 150 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.)