Calviks (CALVIK) Q1 2026 earnings summary

Executive summary

• Achieved record operating profit and strong EBITDA growth, driven by both organic growth (7.8%) and acquisitions, with a focus on higher-margin business and quality.

• Expanded significantly in Norway through acquisitions, building a scalable platform and positioning Norway as a future growth engine.

• Strengthened financial flexibility with an oversubscribed SEK 60 million bond issue, supporting continued acquisition activity.

• Ended the quarter with a robust cash position and improved cash flow, enabling further expansion.

Financial highlights

• Net sales for Q1 2026 reached SEK 446,887 thousand, up 287% year-over-year; pro forma sales SEK 455,674 thousand.

• EBITDA was SEK 20,881 thousand, up 261% year-over-year; pro forma EBITDA SEK 21,470 thousand.

• Operating profit was SEK 15,478 thousand, up 239% year-over-year; pro forma operating profit SEK 15,857 thousand.

• Net income for the quarter was SEK 1,363 thousand (down from SEK 2,243 thousand), impacted by higher financial costs.

• Adjusted net income was SEK 6,154 thousand; adjusted EPS SEK 1.13.

• Cash flow from operations was SEK 3,502 thousand; total cash flow SEK 15,344 thousand.

• Cash and cash equivalents at period end were SEK 120,072 thousand.

Outlook and guidance

• Guidance for full-year 2026 will be communicated after the annual general meeting in May.

• Norway expected to be a central growth driver, with an active acquisition pipeline.