OEM International (OEM) Q1 2026 earnings summary

Executive summary

• Incoming orders rose 10% year-over-year to SEK 1,543 million, with Sweden and Rest of Europe as key contributors.

• Net sales increased 7% to SEK 1,472 million, with 5% organic growth and 6% from acquisitions, offset by a 4% negative currency effect.

• EBITA grew 16% to SEK 238 million, with margin improving to 16.2% from 14.9% due to higher gross margin and lower costs.

• Profit per share after dilution rose 22% to SEK 1.34.

• Five acquisitions completed in Q1, adding SEK 46 million in net sales; one more closed in April.

Financial highlights

• Cash flow from operating activities was SEK 96 million, down from SEK 164 million year-over-year.

• Profit after tax increased 21.5% to SEK 186 million.

• Return on equity reached 23.7% on a trailing 12-month basis.

• Equity/assets ratio at quarter-end was 70%.

• Cash and cash equivalents at quarter-end were SEK 607 million.

Outlook and guidance

• Order backlog increased by SEK 71 million, now 5% higher than sales, supporting confidence for coming quarters.

• Market shows signs of gradual stabilisation, with positive demand trends despite ongoing uncertainty.

• Strong financial position and focus on profitability enable continued organic and acquisition-driven growth.