Saxlund Group (SAXG) Q1 2026 earnings summary

Executive summary

• Operating costs decreased by 10% year-over-year, leading to improved results despite lower revenue.

• Revenue for Q1 2026 was SEK 35.4 million, down from SEK 45.2 million in Q1 2025.

• EBITDA improved to SEK -1.6 million from SEK -2.0 million year-over-year.

• EBIT was SEK -2.6 million, compared to SEK -3.0 million in the previous year.

• Net result after tax was SEK -3.1 million, an improvement from SEK -3.3 million year-over-year.

Financial highlights

• Revenue: SEK 35.4 million (Q1 2025: SEK 45.2 million).

• EBITDA: SEK -1.6 million (Q1 2025: SEK -2.0 million).

• EBIT: SEK -2.6 million (Q1 2025: SEK -3.0 million).

• Net income: SEK -3.1 million (Q1 2025: SEK -3.3 million).

• Earnings per share: SEK -0.43 (Q1 2025: SEK -0.46).

• Operating cash flow: SEK 7.7 million (Q1 2025: SEK 9.2 million).

• Cash and cash equivalents at period end: SEK 9.0 million (Q1 2025: SEK 23.0 million).

Outlook and guidance

• Management expects gradual improvement in results throughout 2026.

• Order book remains satisfactory, with strengthened positions in Sweden and England and strong demand in Germany.

• Focus remains on profitability over volume, with selective project acceptance.

• Cost base reductions are expected to provide leverage as volumes increase.