Wästbygg Gruppen (WBGR) Q1 2026 earnings summary

Executive summary

• Returned to profitability in Q1 2026 with SEK 4 million profit after tax, reversing prior losses; operating profit reached SEK 40 million, aided by non-recurring effects of about SEK 30 million in ongoing projects and SEK 30 million in temporary financing and bond redemption costs.

• Rights issue raised SEK 191 million, strengthening financial position and enabling repayment of a SEK 140 million bridging loan and early redemption of the green bond.

• Order intake was SEK 895 million, with increased market activity and a stable order backlog of SEK 3,399 million.

• Structural changes implemented to decentralize subsidiaries, aiming for improved efficiency and profitability.

Financial highlights

• Revenue for Q1 2026 was SEK 650 million, down from SEK 1,203 million year-over-year.

• Operating margin improved to 6.2% from -6.7% year-over-year.

• Earnings per share were SEK 0.03, compared to -1.62 in Q1 2025.

• Cash flow from operating activities was SEK -160 million, impacted by settlement of a penalty and changes in working capital.

• Equity ratio increased to 40% from 32% year-over-year.

• Interest-bearing net debt reduced to SEK -96 million from SEK -438 million.

Outlook and guidance

• Management sees early signs of recovery in the construction market, with rising optimism and increased client activity.

• Further cost savings and efficiency improvements are targeted, with a focus on stable, long-term profitability.

• The Board assesses that the company has adequate funding for the next twelve months.