Rejlers (REJL-B) investor relations material

Executive summary

• Net sales reached SEK 1,241.6 million in Q1 2026, a 3.4% increase year-over-year, with organic growth of 0.6% excluding currency effects.

• EBITA was SEK 91.3 million, down from SEK 102.5 million, impacted by SEK 12 million in extraordinary recruitment costs.

• EBITA margin declined to 7.4% from 8.5% year-over-year.

• Three acquisitions were completed in three countries, adding about 200 employees and SEK 350 million in sales.

• 140 highly qualified engineers joined the Sweden segment.

Financial highlights

• Organic growth excluding currency effects was 0.6% compared to 8.7% last year.

• Earnings per share before dilution were SEK 2.19, down from SEK 2.96 year-over-year.

• Adjusted EBITA excluding extraordinary recruitment costs was SEK 103.3 million, margin 8.3%.

• Net profit after tax was SEK 51.4 million, down from SEK 65.4 million.

• Net debt increased to SEK 825.3 million, with net debt/EBITDA at 1.5x (up from 1.2x at year-end 2025).

Outlook and guidance

• Transformation efforts continue, supported by a sustainable business strategy targeting 2030.

• Management expects improved utilisation from newly recruited staff in Q2 and stable, long-term profitability.

• Market environment rated 6/10, with strong energy and infrastructure sectors but continued caution in industry.

• Focus remains on cost control and sales to mitigate economic uncertainty.