Norden Estates
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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.
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Q1 2026 earnings summary3 Jun, 2026

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.

Strategy for managing low liquidity levels
Timeline for converting the 42 MSEK order book
Governance of extensive related party transactions
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Q2 202628 Aug, 2026
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