Ferroamp (FERRO) Q1 2026 earnings summary

Executive summary

• Revenue increased by 74% year-over-year to 36.1 MSEK, driven by higher sales volumes, especially in batteries, though with lower margins.

• EBITDA improved to -8.7 MSEK from -10.1 MSEK year-over-year, reflecting operational improvements despite a negative product mix impact.

• Operating cash flow was negatively affected by one-time financing effects, resulting in -32.6 MSEK compared to -15.4 MSEK last year.

• New product launches and increased production capacity were key operational focuses.

Financial highlights

• Net sales: 36,082 KSEK (20,733 KSEK), up 74% year-over-year.

• EBITDA: -8,716 KSEK (-10,130 KSEK), EBITDA margin -24% (-49%).

• EBIT: -9,476 KSEK (-11,750 KSEK), EBIT margin -26% (-57%).

• Net result after financial items: -9,841 KSEK (-12,482 KSEK).

• Operating cash flow: -32,611 KSEK (-15,397 KSEK).

• Equity ratio: 68% (60%).

• Earnings per share: -0.09 SEK (-0.21 SEK).

Outlook and guidance

• Order value for Q2 already exceeds Q1, indicating continued growth.

• Margins expected to improve in Q2 as battery share in orders declines.

• Management targets positive cash flow in the current quarter and positive net result later in the year.