Byggma (BMA) Q1 2026 earnings summary

Executive summary

• Achieved sales revenue of NOK 653m in Q1 2026, up 2.6% year-over-year, despite low newbuild market activity.

• Maintains #1 market position in boards and beams in the Nordics, with growing international presence, especially in the Netherlands and UK.

• Strategic integration of Smartpanel into Huntonit improved capacity utilization and logistics, strengthening margins.

• Focused on product innovation, sustainability, and expanding high-margin, value-added product lines.

• Aneta Lighting achieved 8.1% sales growth, outperforming a declining market.

Financial highlights

• Q1 2026 adjusted operating profit was NOK 55.2m, with an 8.4% margin, slightly down from 8.6% in Q1 2025.

• EBITDA for Q1 2026 was NOK 77m, unchanged year-over-year.

• Net profit for YTD 2026 was NOK 115m.

• Equity ratio stood at 37.1% as of March 31, 2026.

• Net interest-bearing debt reduced to NOK 1,221.8m from NOK 1,253.8m at the start of the year.

Outlook and guidance

• Revenues from new products like Huntonit Pro Wall and Forestia Premium Ceiling expected to increase in 2026.

• Growth strategy includes organic expansion, product innovation, and targeted M&A.

• Dividend policy targets 30-50% of net profit payout.

• Commercial and public building activity is stable; renovation and extension markets are expected to grow.

• Strategic focus on digitization, automation, and sustainability investments continues.