Softronic (SOF) Q1 2026 earnings summary

Executive summary

• Revenue grew by 17.2% year-over-year to SEK 275.8 million, with organic growth at 10.9% and 6.3% from the acquisition of Innofactor's MMS solution.

• EBITA increased by 21.7% to SEK 24.1 million, with an EBITA margin of 8.7% compared to 8.4% last year.

• Net income after tax rose to SEK 19.4 million, up from SEK 15.9 million, and EPS increased to SEK 0.37.

• Growth was driven by higher activity in both new and existing customer relationships, with a focus on efficiency and cost control.

• The company is well positioned for continued profitable growth in 2026, supported by structural changes implemented in late 2025.

Financial highlights

• Recurring revenue increased to SEK 126.8 million, representing 46% of total revenue.

• Cash flow from operating activities was SEK 23.5 million, down from SEK 27.8 million, mainly due to increased accounts receivable.

• Total liquidity available amounted to SEK 152.6 million.

• Number of employees at period end was 485, up 9% year-over-year.

• Revenue per employee rose to SEK 569,000 from SEK 527,000.

Outlook and guidance

• The company expects to gradually strengthen both growth and profitability throughout 2026.

• Focus remains on increasing recurring revenue through long-term customer relationships and expanding service offerings.