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Norden Estates (NORDEN) investor relations material
Norden Estates Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Transitioned from development to established operational project business in Q1 2026, with strong revenue growth and increased market interest in energy-efficient solutions.
Revenue rose 238% year-over-year to 10.7 MSEK, driven by higher project activity.
Operating loss narrowed to -0.9 MSEK from -1.1 MSEK, reflecting ongoing organizational build-up.
Subsidiary Zustainment Bygg AB delivered a positive result, validating the operational model.
Focus remains on project delivery, cash flow improvement, and sustainable growth.
Financial highlights
Net sales: 10,706,155 SEK (3,167,910 SEK prior year), up 238%.
Operating result: -881,008 SEK (-1,071,329 SEK prior year).
Net result after tax: -1,038,283 SEK (-1,279,212 SEK prior year).
Earnings per share: -0.03 SEK (-0.06 SEK prior year).
Equity at period end: 16,018,377 SEK (16,574,426 SEK prior year).
Outlook and guidance
Prioritizing conversion of customer dialogues to projects, cash flow strengthening, and building operational references.
Aims to improve results in 2026 through increased project volume, margin discipline, and cost control.
Market interest in long-term energy performance and operational economy continues to grow.
- Revenue reached SEK 14.9 million in 2025, with a net loss of SEK -7.6 million.NORDEN
Q4 202510 Mar 2026 - Net sales reached SEK 10.2 million with a net loss of SEK 5.8 million and a robust project pipeline.NORDEN
Q3 202528 Nov 2025 - Large net loss from subsidiary write-down; rights issue and merger talks to boost capital.NORDEN
Q4 202325 Sep 2025 - Significant loss from project write-downs, merger, and stock market listing preparations underway.NORDEN
Q4 202425 Sep 2025 - Strong sales growth and strategic expansion set the stage for future profitability.NORDEN
Q1 202525 Sep 2025 - H1 2025 saw strong project growth, strategic investments, and a SEK 42M project pipeline.NORDEN
Q2 202525 Sep 2025
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