LumenRadio (LUMEN) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 increased by 4.0% to 58.2 MSEK (56.0), with organic growth of 12.3%.

• EBIT rose to 6.5 MSEK (2.1), and EBITDA reached 10.5 MSEK (5.8), with an EBITDA margin of 18.0% (10.4%).

• Net income per diluted share was 0.43 SEK (0.00).

• Cash flow for the quarter was 4.1 MSEK (-17.1), and cash at period end was 113.6 MSEK (101.0).

• Growth was driven by strong recovery in Building Automation, while Lighting Control saw a decline due to prior year’s extraordinary US deliveries.

Financial highlights

• Gross margin improved to 68.0% (63.1%), mainly due to product mix changes in Building Automation.

• Operating expenses decreased to 51.8 MSEK (53.9), reflecting lower raw material and external costs.

• Average number of employees was 74 (73).

Outlook and guidance

• Long-term targets revised: aim to double organic sales to over 500 MSEK by 2030, maintaining EBITDA margin above 20% over a business cycle.

• Continued investment in sales channels and product development, with focus on wireless solutions.