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Qflow (QFLOW) investor relations material
Qflow Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales rose 89% year-over-year to SEK 564 million, driven by both organic growth (10%) and acquisitions.
Adjusted EBITA increased to SEK 75 million (from SEK 48 million), with an adjusted margin of 13% (down from 16%).
Profit for the period was SEK -3 million, compared to SEK 11 million in Q1 2025.
Four acquisitions completed in Q1 2026, expanding presence in Sweden, Norway, and Denmark.
CEO transition completed, with Martin Dahlgren assuming the role in January 2026.
Financial highlights
EBITA rose to SEK 42 million (from SEK 35 million year-over-year).
Operating profit remained stable at SEK 30 million.
Net financial items were SEK -23 million, reflecting higher interest expenses due to increased bond debt.
Cash flow from operating activities was SEK 6 million; investing activities outflow was SEK -197 million, mainly due to acquisitions.
Cash and cash equivalents at period end were SEK 200 million.
Outlook and guidance
Continued focus on acquisition-driven and organic growth, with an active acquisition pipeline.
Market outlook remains stable, supported by long-term public infrastructure investments and a gradual recovery in private construction.
Positive recruitment trends support future growth.
- Net sales jumped 79% to SEK 1,593 million, fueled by acquisitions and organic growth.QFLOW
Q4 202526 Feb 2026 - Q3 2024 delivered robust sales and profit growth, fueled by acquisitions and infrastructure demand.QFLOW
Q3 202419 Dec 2025 - Strong sales and EBITA growth in 2024, supported by acquisitions and robust financials.QFLOW
Q4 202419 Dec 2025 - Net sales up 66% and EBITA up 55% year-over-year, fueled by acquisitions and organic growth.QFLOW
Q1 202519 Dec 2025 - Q2 2025 saw 85% sales growth, major acquisitions, and a robust financial position.QFLOW
Q2 202519 Dec 2025 - Q3 2025 saw strong sales growth and Nordic expansion, but net profit declined due to acquisition costs.QFLOW
Q3 202519 Dec 2025
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