Business
Hemnet Group Interim report Q1 2026
Hemnet Group Interim report Q1
About this update from Hemnet Group Ab
Summary for the period January-March 2026Net sales decreased by 24.7 percent to SEK 247.2m (328.5)EBITDA decreased 43.3 percent to SEK 89.3m (157.5)Operating profit decreased 51.6 percent to SEK 65.4m (135.0)ARPL (average revenue per paid listing) increased 12.2 percent to SEK 9,109 (8,118)Jan-MarLast twelve monthsFY(SEK million, unless stated otherwise)20262025Changeending Mar 20262025Net sales247.2328.5-24.7%1,445.51,526.8EBITDA*89.3157.5-43.3%699.3767.5EBITDA-margin*, %36.1%47.9%-11.8 p.p.48.4%50.3%Operating profit*65.4135.0-51.6%604.2673.8Net profit for the period48.3102.9-53.1%466.0520.6Earnings per share, basic, SEK10.521.08-51.9%4.945.49Earnings per share, diluted, SEK10.521.08-51.9%4.945.48Cash flow from operating activities65.9120.7-45.4%543.3598.1ARPL (average revenue per paid listing), SEK²9,1098,11812.2%8,3368,158Number of paid listings during the period, thousands25.441.2-38.3%144.9160.7Number of published listings during the period, thousands28.641.2-30.6%148.0160.7* Alternative Performance Measure, see pages 14-16 for derivation and definitions.¹ The calculation of dilution of shares is made based on the number of days that the incentive programmes that have been active during each respective period.² The definition of ARPL has been changed as of Q1 2026. Comparative figures for historical periods have been restated. See Note 1 for further information.Chief Executive’s CommentsStrength in a hesitant market with emerging signs of recoveryDespite the headwinds of a continued hesitant market, Hemnet demonstrated strength during the first quarter of 2026. Average revenue per paid listing (ARPL) increased by 12% year-on-year to 9,109 SEK. The ARPL growth was primarily driven by a strong conversion toward our value-added services, further accelerated by the successful launch of the new ‘Sell first, pay later’ model. In particular, we continue to see a steady increase in the share of property sellers choosing Hemnet Premium.The quarter’s financial results were impacted by the transition following the launch of ‘Sell first, pay later’. This model introduces an accounting effect where revenue for listings utilising the ‘Sell first, pay later’ option is recognised upon a sale rather than at the time of publication. Consequently, this represents a timing shift of revenue to subsequent quarters rather than a reduction in revenue. Net sales amounted to ...