Ratos AB (publ) (RATO_A) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to RADO's Q1 Earnings Call 2026. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key five on their telephone keypad. Now I will hand the conference over to CEO Gustav Salfordand and CFOIR Anna Vilaguric. Please go ahead. Good morning everyone and thank you for joining us today. I will begin with a brief overview of the quarter and then Anna will go through the financials in more detail. Overall, we delivered solid growth in what continues to be a mixed market environment. Net sales increased by 3.4% and adjusted EBITDA came in at 460 million SEK, corresponding to a margin of 9.3% and an EBITDA growth of 21%. Adjusted earnings per share was 67 öre, an increase of 81% compared to last year. We had a strong start of the year in our industrial product companies. Diab and HL Display both posted healthy growth. On the industrial services side, the quarter was more challenging. Both Nitec Group and Aledo faced softer demand and tougher market conditions. Our results for the quarter was negatively impacted by two main factors. First, lower volumes and gross margins among our technical consulting businesses. And secondly, at speed, we continue to invest in automation to increase capacity and efficiency over time, which temporarily affected profitability as we absorb these investments. During the quarter, we also launched our strategy Rotos 2030, The strategy reflects a clear direction. Ratos is returning to its roots as a focused long-term investment company, owning both majority and minority stakes in Nordic companies. For the 26-28 period, we have three strategic objectives, and I'll walk through each one and highlight what we de...