HANZA (HANZA) Q1 2026 earnings summary

Executive summary

• Achieved record Q1 with net sales doubling year-over-year to SEK 2,646 million, 20% organic growth, high margins, and robust cash flow, confirming consistent execution of a solid business model.

• Launched HANZA 2028 strategy phase, targeting SEK 14 billion in sales and at least 9% operating margin by 2028, while maintaining current geographic footprint.

• Completed BMK acquisition, adding SEK 3,300 million in annual sales, 1,500 employees, and expanding presence in Germany; integration progressing as planned with positive customer feedback.

• Received Supplier of the Year awards from 3M and Saab, validating operational excellence and customer trust.

• Inaugurated new factory in Sweden to meet rising customer demand, supporting clients like Siemens Energy and the defense sector.

Financial highlights

• Net sales: SEK 2,646 million, up 100% year-over-year, with organic growth of 20%.

• Operating margin for comparable units reached 9.7% (up from 7.3%); group margin including BMK at 8.6%.

• Earnings per share after dilution: SEK 2.08 (up from SEK 0.90); previous Q4 at SEK 1.6.

• Cash flow from operations was SEK 424 million, driven by profitability and working capital discipline.

• Equity ratio improved to 45.2%; net debt/EBITDA at 1.4.

Outlook and guidance

• HANZA 2028 targets at least SEK 14 billion in sales and a minimum 9% operating margin by 2028.

• BMK expected to gradually improve margins to group level, with growth in Germany anticipated by end of 2026.

• Integration costs for BMK anticipated in coming quarters to achieve targeted synergies.

• No specific forecast for organic growth; growth model adapts to both strong and weak economies.

• Continued investments in capacity and technology to support growth in key segments.