KABE Group (KABE) investor relations material

Executive summary

• Net sales for Q1 2026 were SEK 889 million, down from SEK 954 million year-over-year.

• Operating profit rose to SEK 55 million from SEK 29 million, with a margin of 6.2% (3.0%).

• Net income increased to SEK 48 million from SEK 25 million; EPS was SEK 5.33 (2.78).

• Cash flow from operations improved to SEK 143 million (83).

• The group maintained strong market positions despite a challenging macroeconomic environment.

Financial highlights

• Gross profit for Q1 2026 was SEK 109 million (121), with a gross margin of 12.3% (12.7%).

• Financial net was SEK 4 million (3); profit after financial items was SEK 61 million (32).

• Equity ratio stood at 64.6% (65.4%).

• Liquidity increased, with cash and equivalents at SEK 299 million (134); net cash SEK 145 million (30).

Outlook and guidance

• Focus remains on reducing inventory levels and adapting production to demand.

• Continued macroeconomic and geopolitical uncertainty expected to impact demand.

• Broader product portfolio and international presence reduce exposure to single markets.

• Long-term trends for sustainable travel and premium products seen as positive.