Lammhults Design Group (LAMM) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was 207.8 MSEK, down 1.1% year-over-year, but up 2.1% when adjusted for currency effects.

• Adjusted operating profit was 0.9 MSEK, with a margin of 0.4%, unchanged from last year.

• Free cash flow including leasing was -15.9 MSEK, down from 1.4 MSEK last year.

• Order intake declined by 3.6% to 206.4 MSEK, but the order backlog rose 12.4% year-over-year.

• Net result after tax was -3.9 MSEK, or -0.47 SEK per share.

Financial highlights

• Revenue reached 207.8 MSEK, down 1.1% year-over-year, but up 2.1% when adjusted for currency.

• Adjusted gross margin improved by 0.4 percentage points to 36.3%.

• Net margin was -2.1% for the quarter.

• Return on equity was -4.0% (0.0% last year); return on capital employed was 2.7% (2.5%).

• Equity ratio improved to 55.4% from 53.6% a year ago.

Outlook and guidance

• Long-term EBIT margin target of 8-10% is maintained.

• Effects from a 30 MSEK cost-saving program are expected gradually in 2026 and fully in 2027.

• Continued focus on cost control and flexibility amid geopolitical uncertainty and weak demand.