Inission (INISS) Q1 2026 earnings summary

Executive summary

• Q1 sales rose 37.4% year-over-year to SEK 664.3 million, with organic growth at 26.3% and acquired growth at 11.0%.

• EBITDA improved to SEK 46.7 million, up SEK 26.7 million from last year, with a 7% margin.

• Cost-cutting in Inission Power, higher volumes, and recent acquisitions contributed to profitability; cash flow was strong at SEK 43.6 million.

• Order intake rose to SEK 709.8 million, with a book-to-bill ratio of 1.1.

• Leadership changes and new factory openings supported operational expansion.

Financial highlights

• Net sales for Q1 reached SEK 664.3 million, up 37.4% year-over-year; organic growth was 26.3%.

• EBITDA margin increased to 7%, with EBITDA at SEK 46.7 million, up from SEK 20 million last year.

• Earnings per share for the quarter were SEK 1.5, reflecting improved profitability and lower financial costs.

• Cash flow from operations was SEK 43.6 million, with limited increase in net working capital.

• LTM sales reached SEK 2.35 billion, with LTM earnings at SEK 138 million.

Outlook and guidance

• Management expects to maintain current sales and profit levels, supported by order intake and stable cost structure.

• Full-year sales guidance is SEK 2.3–2.5 billion, with expectations to reach the higher end.

• EBITDA/EBITA margin target for the year is above 6%, with long-term ambition of 9% margin driven by organic growth.

• Guidance is considered conservative given the strong Q1 start.