NOVOTEK (NTEK) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 reached 121.8 MSEK, a slight increase year-over-year, but operating profit declined to 8.1 MSEK from 14.3 MSEK.

• Profit after tax was 5.7 MSEK, down from 10.1 MSEK in Q1 2025.

• Market uncertainty and delayed customer decisions impacted order intake, which fell to 149.9 MSEK from 158.1 MSEK.

• Continued strategic expansion in France and Germany, with a new subsidiary in Germany and deepened partnerships.

Financial highlights

• Operating margin dropped to 6.6% from 11.7% year-over-year.

• Earnings per share were 0.5 SEK, compared to 0.9 SEK in Q1 2025.

• Cash flow from operating activities improved to 30.1 MSEK from 19.7 MSEK.

• Net cash position at quarter-end was 138.8 MSEK, down from 149.4 MSEK a year earlier.

• Equity ratio increased to 42.6% from 40.1% year-over-year.

Outlook and guidance

• Strong interest in digitalization and cybersecurity solutions continues, but macroeconomic uncertainty is prolonging customer decision cycles.

• Ongoing investments in Industrial Data Operations and Business Resilience expected to drive future growth.