Avensia (AVEN) Q1 2026 earnings summary

Executive summary

• Revenue for the quarter was 106.1 MSEK, a 10% decrease year-over-year, mainly due to lower utilization and billable hours, though hourly rates increased.

• Operating income was 10.0 MSEK, down from 15.3 MSEK, with an operating margin of 9.5% compared to 12.9% last year.

• Net income after tax was 7.3 MSEK, compared to 11.4 MSEK in the prior year.

• Cash flow from operations improved to 17.7 MSEK (15.1 MSEK last year), with total cash flow at 13.9 MSEK.

• Liquidity remains strong, with 62.3 MSEK in cash and 92.3 MSEK in available liquidity.

Financial highlights

• Revenue: 106.1 MSEK (down 10% year-over-year).

• Operating income: 10.0 MSEK (down from 15.3 MSEK).

• Operating margin: 9.5% (down from 12.9%).

• Net income: 7.3 MSEK (down from 11.4 MSEK).

• Earnings per share: 0.20 SEK (down from 0.31 SEK).

Outlook and guidance

• Structural demand in core markets is expected to increase over time.

• Financial targets: 10% annual organic growth and a short-term operating margin of 10%, aiming for 15% long-term.

• No specific revenue or earnings forecasts provided.