Infracom (INFRA) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 were 199.0 MSEK, a 3% decrease year-over-year, mainly due to the strategic exit from unprofitable hardware contracts.

• EBITA was 20.8 MSEK (down from 25.0 MSEK), with an EBITA margin of 10.4% (previously 12.2%).

• Cash flow from operating activities improved to 26.4 MSEK (24.4 MSEK last year).

• A major sale of Bredband2 shares generated approximately 178 MSEK in cash, enabling full repayment of the revolving credit facility.

• Acquisition of Zedcom AB was completed in February 2026, strengthening the IT operations segment.

Financial highlights

• Net income after tax per share was 0.36 SEK (0.56 SEK last year).

• EBIT was 19.3 MSEK (23.9 MSEK), with an EBIT margin of 9.7% (11.7%).

• Investments in intangible assets were 3.0 MSEK (6.4 MSEK), and tangible assets 1.9 MSEK (0.4 MSEK).

• Liquidity at period end was 51.1 MSEK (10.0 MSEK last year).

• The company had a net cash position versus a net debt position a year ago.

Outlook and guidance

• Financial targets are annual revenue growth of 15–20%, EBITA margin of 12–15%, and Net Debt/EBITDA below 2.5.

• Profitability is prioritized over growth, with a focus on both organic and acquisition-driven expansion.

• The board proposes a total dividend of 2.10 SEK per share (0.60 SEK ordinary, 1.50 SEK extra), totaling 72.9 MSEK.