Netel Holding Ab · OMXSTO:NETEL
Netel Holding Ab — Q1 2026 Earnings Presentation
19 slides from Netel Holding Ab's earnings presentation, Apr 24, 2026
Slide 1: Q1 Presentation
Q1 Presentation 24 April 2026
Slide 2: Agenda
Agenda • Highlights Q1 • Our seasonal patterns • Market update and recent business wins • Financial performance • Summary and indication 2026
Slide 3: Highlights Q1
Highlights Q1 Increased order backlog to SEK 4.2 billion New customer wins First quarter Our growing order backlog and continued savings measures lay the foundation for Expansion to new geographical areas in increased profitability Sweden and Norway • Net sales decreased 14.9 per cent to MSEK 575 (6
Slide 4: Our seasonal patterns
Our seasonal patterns Quarter 1 Quarter 2 Quarter 4 Quarter 3 Traditionally the weakest Increasing volumes and The strongest quarter of the quarter in our industry. Stable peak season with high transition to production but year, notably the most Projects often take longer production intensity. Usual
Slide 5: Market update and recent business wins
Market update and recent business wins
Slide 6: Infraservices
Infraservices MARKET • Strong and active market in both public and private sectors. • Tough competition is pushing the ability to win projects. Cost saving programs implemented to be more competitive. • The strategy has been successfully implemented by reaching new customers and new geographical are
Slide 7: Power
Power MARKET • Increased activity in Sweden – continued high activity in Norway. • New major framework agreement strengthen order backlog and expected to impact profitability. • Strategy successfully executed by reaching new customers and new geographies. RECENT BUSINESS WINS • New four-year framewo
Slide 8: Telecom
Telecom MARKET • The market is in a transformation where telecom customers are shifting from hardware installation to service and maintenance and reduce their investments. • We can more easily adapt to this decline thanks to our flexible business model with a high proportion of subcontractors in our
Slide 9: Financial performance
Financial performance & Netel
Slide 10: Record high order backlog
Record high order backlog Net sales Order backlog • Net sales -14.9% to MSEK 575 (676) 4000 • Impacted by seasonality and the long 1400 winter with delayed project start-ups 3500 1200 • FX effects -1.3% 3000 1000 • Order backlog 4.22 BSEK 2500 800 2000 • Approx. 1.8 BSEK in backlog referring to 2026
Slide 11: Profitability impacted by seasonality
Profitability impacted by seasonality Adjusted EBITA & margin • Adjusted EBITA MSEK 10 (22) 80 8 • Adjusted EBITA margin 1.7% (3.2) 6 60 • EPS -0.38 (-0.17) SEK 4 40 2 20 0 0 -2 -20 -4 -40 -6 Adjusted EBITA, MSEK Adjusted EBITA margin, % All numbers in the presentation refer to continuing operations
Slide 12: Cash flow reflecting normal seasonality
Cash flow reflecting normal seasonality Operating cash flow Including discontinuing operations • Operating cash flow MSEK -60 (-30) 200 • Unutilised credit facilities and cash MSEK 277 150 100 50 0 -50 -100 Operating cash flow, MSEK All numbers in the presentation refer to continuing operations unle
Slide 13: Segment performance
Segment performance & Netel
Slide 14: Infraservices
Infraservices Sales & Margin – Q by Q Sales & Margin • Net sales -16.0% to MSEK 121 250 10 Q1 Twelve months • EBITA MSEK 1 5 200 MSEK 2026 2025 Δ R12M 2025 Δ • EBITA margin 1.0% 0 Net sales 121 144 -16.0% 582 605 -3.8% 150 -5 - Sweden 121 144 -16.0% 582 605 -3.8% 100 -10 EBITA 1 4 -67.8% -19 -17 -15
Slide 15: Power
Power Sales & Margin – Q by Q Sales & Margin • Net sales -9.4% to MSEK 229 350 15 Q1 Twelve months • EBITA MSEK 4 300 10 MSEK 2026 2025 Δ 2026 2025 Δ • EBITA margin 1.9% 250 Net sales 229 252 -9.4% 965 989 -2.4% 5 200 - Sweden 109 126 -13.6% 474 492 -3.5% 0 150 - Norway 120 123 -2.8% 494 497 -0.7% -
Slide 16: Telecom
Telecom Sales & Margin – Q by Q Sales & Margin • Net sales -19.4% to MSEK 225 450 10 Q1 Twelve months • EBITA MSEK -2 400 MSEK 2026 2025 Δ 2026 2025 Δ 350 • EBITA margin -0.9% Net sales 225 279 -19.4% 1,267 1,321 -4.1% 300 5 - Sweden 31 61 -48.6% 210 240 -12.4% 250 - Norway 168 178 -5.5% 884 894 -1.
Slide 17: We are preparing ourselves for the future
We are preparing ourselves for the future
Slide 18: Summary and indication 2026
Summary and indication 2026 • Strong underlying markets – growing order backlog • Delivering on our strategy to expand geographically and win new customers • Our extensive cost-saving measures are running according to plan • Cost savings of 25 MSEK with full effect in 2026 • Cost savings of 15–25 MS
Slide 19: Q2 2026 10 July 2026
Q2 2026 10 July 2026 & Netel