Stockwik (STWK) Q1 2026 earnings summary

Executive summary

• Revenue increased by 8.5% year-over-year to 217.1 MSEK, with 5.2% organic growth despite a weak economic climate.

• EBITA rose 5.9% to 12.0 MSEK, while net income declined to -1.9 MSEK from -0.9 MSEK year-over-year.

• Acquisition of Labino AB completed in February, contributing positively to the Industrial segment.

• Segment structure simplified from four to three: Industrial, Health, and Property Services.

Financial highlights

• EBITDA increased 3.3% to 22.9 MSEK; EBITDA margin was 10.5% (down from 11.1%).

• EBITA margin was 5.5% (previously 5.7%).

• Adjusted EBITDA proforma was 24.9 MSEK, with a margin of 11.5%.

• Cash flow from operations was -7.9 MSEK, impacted by increased working capital.

• Net debt rose to 436.0 MSEK, with net debt/adjusted EBITDA at 4.02x.

Outlook and guidance

• No formal guidance provided; management notes continued focus on operational efficiency and segment development.

• Market conditions remain challenging, especially in Industrial and Health segments.