Candles Scandinavia (CANDLE) Q1 25/26 earnings summary

Executive summary

• Revenue nearly doubled year-over-year to 84.0 MSEK, reflecting the integration of HashtagYou and new group structure.

• EBITDA was -2.3 MSEK, down from 0.9 MSEK last year, impacted by integration and startup costs.

• Net result after tax was -9.5 MSEK, slightly better than internal expectations.

• Signed a new five-year framework agreement with a major customer, enhancing long-term stability.

• Integration of HashtagYou progressing as planned, with production moved in-house to Örebro.

Financial highlights

• Total revenue for Q1 2026: 83,980 tkr (up from 45,101 tkr year-over-year).

• EBITDA: -2,334 tkr (down from 852 tkr year-over-year).

• EBIT: -8,860 tkr (down from -329 tkr year-over-year).

• Net result after tax: -9,531 tkr (down from -2,905 tkr year-over-year).

• Earnings per share (undiluted): -0.96 SEK (down from -0.34 SEK year-over-year).

Outlook and guidance

• Management expects a significant profitability improvement in the second half of 2026 as HashtagYou’s products are fully produced in-house.

• 2026 is anticipated to be the strongest year in company history in terms of profitability and cash flow.