Firefly (FIRE) Q1 2026 earnings summary

Executive summary

• Order intake decreased 5% year-over-year to 115.1 MSEK, with a currency-neutral decline of 1%.

• Revenue fell 9% year-over-year to 112.2 MSEK, currency-neutral decrease of 6%.

• EBIT dropped 34% to 11.9 MSEK, with an adjusted EBIT margin of 12.0%.

• Service and spare parts sales remained stable, while system sales were impacted by delayed investments.

• Expansion continued in the US and Poland, with new hires and product launches.

Financial highlights

• EBIT was 11.9 MSEK (down from 18.1 MSEK), margin at 10.6% (down from 14.7%).

• Adjusted EBIT (currency-neutral) was 13.4 MSEK, margin 12.0%.

• Net income per share was 1.43 SEK, down 36% year-over-year.

• Operating cash flow increased 42% to 15.7 MSEK.

• Cash and equivalents at period end were 95.2 MSEK, up 25% year-over-year.

Outlook and guidance

• Management expects a continued challenging investment climate but stable demand.

• New financial targets set: >15% annual revenue growth and >15% EBIT margin for 2026–2030.

• No significant events after the quarter's end.