Premium Snacks Nordic (SNX) Q1 2026 earnings summary

Executive summary

• Achieved 17.9% year-over-year revenue growth in Q1 2026, reaching 144.6 MSEK, with EBITA up 28.3% to 7.7 MSEK and EBITDA up 27.7% to 10.6 MSEK.

• Cash flow from operations improved to 12.2 MSEK from -0.9 MSEK, reflecting normalized working capital and strong sales.

• Net profit rose 44% year-over-year to 5.2 MSEK, with EPS at 0.38 SEK (up from 0.27 SEK).

• CEO announced resignation effective May 2026; recruitment for a successor is underway.

Financial highlights

• Gross margin was 39.5%, down from 40.5% due to product mix shift toward lower-margin Exotic Snacks.

• Operating expenses increased 12.6% to 46.5 MSEK, but as a share of sales, fell to 32.2% from 33.7%.

• Net debt/EBITDA improved to 0.7 (from 0.9 at 2025 year-end); equity ratio rose to 43.1%.

• Investments totaled 3.2 MSEK, mainly for new production equipment and store rollout.

Outlook and guidance

• New medium-term targets (2026–2029): annual revenue growth >10%, EBITA margin >8% by period end, net debt/EBITDA <2.0, and dividend payout ≥25% of net profit.

• Lowered food VAT from April 2026 expected to have a small positive impact on sales volumes.

• Continued focus on brand strength, value chain integration, and cash flow improvement.