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Infrea (INFREA) investor relations material
Infrea Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 2026 performance was seasonally weak but aligned with expectations, with lower revenue and EBITA due to project mix and winter effects, yet improved cash flow from operations compared to Q1 2025.
Order intake improved, with significant new contracts such as Jonab's SEK 147 million Västerport project, supporting a positive outlook for the year.
The company is now more focused after divesting the Water & Sewage segment, resulting in a stronger balance sheet and capital return initiatives.
Financial highlights
Net sales for Q1 2026 were SEK 318.8 million, down 14.9% year-over-year.
EBITA from continuing operations was SEK -48.4 million (Q1 2025: -41.3 million); operating result was SEK -48.5 million.
Net result for the period was SEK -40.0 million (Q1 2025: -38.4 million); EPS was SEK -1.4.
Rolling 12-month net sales from continuing operations were SEK 2,013.2 million, with EBITA of SEK 33.0 million (margin 1.6%).
Cash flow from operations improved to SEK -28.3 million (Q1 2025: -44.8 million).
Outlook and guidance
Management expects revenue growth and a clear improvement in EBITA for 2026 versus 2025, supported by a stronger order book and ongoing efficiency initiatives.
The order situation is generally positive, with robust project pipelines in both segments.
- Strategic divestment and operational gains delivered strong growth, net cash, and higher dividend.INFREA
Q4 202517 Feb 2026 - Q3 EBITA up 50% with margin gains; outlook for 2025 remains positive amid market challenges.INFREA
Q3 20257 Nov 2025 - Q2 delivered strong organic growth and margin improvement, despite restructuring costs.INFREA
Q2 202518 Jul 2025 - Q3 EBITA improved but goodwill impairment drove a net loss; cash flow and liquidity strengthened.INFREA
Q3 202413 Jun 2025 - Sales and EBITA improved in Q2, with a stronger order book and balance sheet.INFREA
Q2 202413 Jun 2025 - EBITA up 134% and net debt/EBITDA halved; dividend proposed at 0.50 SEK per share.INFREA
Q4 20245 Jun 2025 - Strong organic growth and restructuring drive Infrea's Q1, despite continued losses.INFREA
Q1 20255 Jun 2025
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