)
SJ (SJ) investor relations material
SJ Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales increased by 3% year-over-year to 3,500 MSEK, driven by existing traffic contracts despite challenging weather and vehicle shortages causing canceled departures and lower commercial travel volumes.
Operating profit fell to 34 MSEK (102), with a margin of 1.0% (3.0%), mainly due to higher customer care costs from disruptions.
Customer satisfaction (NKI) improved to 73 (71), the highest since 2023, despite disruptions; punctuality for medium-distance trains was 89% (90%), and long-distance 65% (61%).
Major investments in new and modernized trains continued, with 310 MSEK invested in Q1.
Financial highlights
Net sales: 3,500 MSEK (3,405), up 3% year-over-year.
Operating profit: 34 MSEK (102), margin 1.0% (3.0%).
Net result: -2 MSEK (67).
Ticket revenue: 1,791 MSEK (1,781); contract revenue: 1,634 MSEK (1,531).
Total costs increased by 5% (164 MSEK), mainly due to higher personnel and customer care costs.
Outlook and guidance
Focus remains on improving punctuality, customer experience, and operational resilience.
Strategic goals for 2030 include 50% growth in train travel, improved customer satisfaction, and robust operations.
- Q4 2025 delivered record profit and strong growth, supporting major investments and digitalization.SJ
Q4 202510 Feb 2026 - Stable Q3 results with revenue up 4% and continued major investments in rolling stock.SJ
Q3 202523 Oct 2025 - Strong Q2 2025 results with rising passenger numbers, higher profits, and major fleet investments.SJ
Q2 202517 Jul 2025 - Strong profit growth and major fleet investments as SJ phases out unprofitable routes.SJ
Q3 202413 Jun 2025 - Q2 operating profit up 72% to 226 MSEK, driven by new contracts and higher ticket sales.SJ
Q2 202413 Jun 2025 - Revenue and profitability surged in Q1 2025, fueled by robust passenger growth and investments.SJ
Q1 20256 Jun 2025 - Strong profit growth and major fleet investments mark a robust year for SJ.SJ
Q4 20246 Jun 2025
Next SJ earnings date
Next SJ earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)