Bergholm Fritidsfordon (BHOLM) Q1 2026 earnings summary

Executive summary

• Achieved 9.7% organic revenue growth in Q1 2026, reaching 147.4 MSEK compared to 134.3 MSEK in Q1 2025.

• EBITDA increased to 6.2 MSEK (4.2% margin), and EBIT rose to 5.9 MSEK (4.0% margin), both up from last year.

• EBT improved significantly to 6.2 MSEK from -16.7 MSEK, reflecting a return to profitability after prior year currency derivative losses.

• Listed on Spotlight Stock Market on March 26, 2026, with a successful new share issue raising 19.9 MSEK net.

• Strengthened financial position and increased inventory to support higher delivery volumes.

Financial highlights

• Revenue: 147.4 MSEK, up 9.7% year-over-year.

• EBITDA: 6.2 MSEK (4.2% margin), EBIT: 5.9 MSEK (4.0% margin).

• EBT: 6.2 MSEK (4.2% margin), compared to -16.7 MSEK (-12.4%) last year.

• Net result per share: 0.38 SEK.

• Cash flow from operations: -23 MSEK, reflecting seasonal inventory build-up.

Outlook and guidance

• Entering the rest of 2026 with a strong financial position and high market activity.

• Continued focus on cost control and flexibility amid macroeconomic uncertainty.

• Long-term targets: 5–10% annual organic growth, 5% EBT margin, net debt/EBITDA <1.0x, and 25–50% dividend payout ratio.