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Gullberg & Jansson
Gullberg & Jansson (GJAB) investor relations material
Gullberg & Jansson Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary8 May, 2026
Executive summary
Net sales for Q1 2026 were 35.5 MSEK, down 20.5% year-over-year, mainly due to a delayed season in Home & Garden and a long winter.
EBITA was -5.8 MSEK compared to -4.0 MSEK last year; net result after tax was -7.3 MSEK versus -5.1 MSEK.
The group is now focused on two core segments: Home & Garden and Park & Environment, following the ongoing divestment of Energy & Climate.
New CEO appointed in March 2026, with a focus on clearer priorities and improved commercial execution.
Financial highlights
Gross margin improved to 30.9% from 23.7% year-over-year, driven by a favorable product mix and no clearance sales.
Cash flow from operating activities was -10.7 MSEK, significantly lower than -0.9 MSEK last year, mainly due to inventory build-up.
Cash and cash equivalents at quarter-end were 23.1 MSEK, up from 14.8 MSEK a year ago.
Equity at quarter-end was 108.2 MSEK, with an equity ratio of 47.1%.
Result per share was -0.83 SEK, compared to -0.58 SEK last year.
Outlook and guidance
No full-year earnings forecast provided for 2026.
Focus remains on strengthening Home & Garden sales during the ongoing season and continuing improvements in Park & Environment.
The group aims for long-term profitable growth, both organically and through acquisitions.
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Latest events from Gullberg & Jansson
- Revenue up 11%, net loss from goodwill write-downs, Energi & Klimat to be discontinued.GJAB
Q4 20256 Feb 2026 - Q3 sales up 27% and net profit positive, with strong Home & Garden and Park & Environment growth.GJABQ3 20257 Nov 2025
- EBIT and net income rose in Q2 2025, led by Hem & Trädgård, as cash flow and solvency improved.GJABQ2 202514 Aug 2025
- Sales down 2% YTD, but operating results and cash flow improved; equity ratio steady at 51%.GJABQ3 202413 Jun 2025
- EBITDA and cash flow improved, but Home & Outdoor sales fell and Energy & Climate posted losses.GJABQ2 202413 Jun 2025
- Net sales fell 9% in Q1 2025, with segment volatility and no full-year outlook provided.GJABQ1 20256 Jun 2025
- 2024 saw lower revenue but improved operating results and positive cash flow despite ongoing losses.GJABQ4 20245 Jun 2025
Next Gullberg & Jansson earnings date
Q2 20267 Aug, 2026
Gullberg & Jansson
Next Gullberg & Jansson earnings date
Q2 20267 Aug, 2026
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