AGES Industri (AGES) Q1 2026 earnings summary

Executive summary

• Q1 2026 marked the first quarter under new CEO Vibeke Gyllenram, with a focus on decentralization and clearer accountability for results.

• AGES Casting Unnaryd was divested as of April 1, 2025, and is now reported as discontinued operations.

• Market signals are cautiously positive, with several large customers increasing volume forecasts, though this has not yet impacted early 2026 results.

Financial highlights

• Net sales for Q1 2026 were 233 MSEK, up 3% year-over-year from 227 MSEK.

• Operating income was 12 MSEK (down from 14 MSEK), with an operating margin of 5.0% (6.1%).

• Net income from continuing operations was 8 MSEK (down from 10 MSEK).

• Earnings per share from continuing operations were 1.11 SEK (1.41 SEK); total EPS was 1.11 SEK (0.44 SEK).

• Cash flow from operations was 23 MSEK (27 MSEK).

Outlook and guidance

• Several major customers are raising volume forecasts, indicating potential for improved sales ahead.

• Positive trends are seen in material handling, agriculture, energy, infrastructure, and defense segments.

• The company is actively adjusting pricing to offset rising input costs, especially for steel and aluminum.