Envirologic (ENVI) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 were 16,700 tkr, a decrease of 12.9% year-over-year, with an operating margin of 8.6% compared to 18.4% last year.

• Order intake increased to 17,271 tkr from 15,432 tkr year-over-year, indicating positive market demand.

• Lower sales and higher operating costs, mainly from increased personnel expenses and write-downs of capitalized development costs, led to reduced profitability.

• Management remains optimistic about long-term growth, citing strong market feedback and opportunities from new product launches.

Financial highlights

• Net income before tax was 1,736 tkr, down from 4,162 tkr year-over-year.

• Earnings per share after tax were 0.14 kr, compared to 0.33 kr in Q1 2025.

• Cash flow from operating activities was -0.7 Mkr, compared to 9.8 Mkr in Q1 2025.

• Cash and cash equivalents at quarter-end were 14,066 tkr, down from 18,361 tkr a year earlier.

• Equity per share increased to 4.50 kr from 3.94 kr year-over-year.

Outlook and guidance

• Management expects new products to contribute to increased sales and support long-term growth ambitions.

• The lower Q1 sales are attributed to natural order intake fluctuations, not a sign of declining demand.

• Long-term demand for automated livestock facility cleaning remains strong.