Norditek Group (NOTEK) Q1 2026 earnings summary

Executive summary

• Revenue increased by 31.6% year-over-year to 32,909 TSEK for Q1 2025/26, with EBITA margin at 19% and EBIT margin at 14.9%.

• All financial targets were met for the quarter, despite a lower EBITA margin compared to the previous year.

• Significant organizational changes included a new CFO and the appointment of a new vice CEO.

• Major order for a mobile recycling plant secured, with delivery expected in April 2026.

Financial highlights

• EBITA was 6,257 TSEK (down from 6,704 TSEK), and EBIT was 4,917 TSEK (down from 5,677 TSEK) year-over-year.

• Net income after tax was 3,664 TSEK, compared to 3,912 TSEK in the prior year.

• Earnings per share before dilution was 0.27 SEK (0.31 SEK last year).

• Operating cash flow was -14,329 TSEK, mainly due to timing effects in receivables.

• Investments totaled -16,746 TSEK, primarily for Norditek House construction.

Outlook and guidance

• No formal forecasts provided; management expects continued revenue fluctuations due to project timing.

• Ongoing high activity in the sales process and positive growth in the aftermarket segment.

• Expansion into European markets, with new partnerships and increased demand driven by EU regulations.