Lyckegård Group (LYGRD) Q1 2026 earnings summary

Executive summary

• Achieved 29% year-over-year revenue growth in Q1 2026, with EBITA up 60% compared to Q1 2025.

• Order book at end of March 2026 was 10% higher than the previous year.

• Growth observed across all customer segments, with strong demand in golf and irrigation solutions.

• Successfully completed all major projects on time and within budget despite weather disruptions.

Financial highlights

• Net sales reached 55,293 TSEK, up from 42,757 TSEK in Q1 2025.

• EBITA increased to 2,811 TSEK from 1,757 TSEK, EBIT improved to -529 TSEK from -1,327 TSEK.

• Net result for the period was -1,716 TSEK, compared to -2,610 TSEK in Q1 2025.

• Cash flow from operations was -7,743 TSEK, impacted by inventory build-up.

• Equity at period end was 36,020 TSEK, up from 20,248 TSEK a year earlier.

Outlook and guidance

• Management remains positive for upcoming periods, citing strong brand reception and ongoing recruitment in Norway.

• Entering the busiest period of the year, with expectations to maintain leading market position in the Nordics.