EcoRub (ECO) Q1 2026 earnings summary

Executive summary

• CEO transition as Anders Färnlöf steps down and Rickard Falkman is appointed as new CEO, ensuring operational continuity and focus on sales acceleration and expansion.

• Strategic collaborations initiated, including a design partnership with architect Thomas Sandell for recycled rubber products and a reseller agreement with Helsingin Kumi Oy for the Nordic market.

• Significant orders received from Vartex (gym mats, SEK 330,000) and Granngården (stall mats, SEK 300,000 and SEK 400,000), with Granngården fully switching to the company's products.

Financial highlights

• Net sales for Q1 2026 amounted to SEK 2.88 million, a 26.5% decrease year-over-year (Q1 2025: SEK 3.92 million), mainly due to seasonal variations and delayed product launches.

• EBITDA was SEK -1.48 million (Q1 2025: SEK -1.01 million); EBIT was SEK -2.60 million (Q1 2025: SEK -2.14 million).

• Result after financial items was SEK -2.90 million (Q1 2025: SEK -2.16 million); EPS remained at SEK -0.006.

• Gross margin improved to 76% (Q1 2025: 63%) due to higher productivity and better raw material sourcing.

• Cash and cash equivalents at period end were SEK 211,022 (Q1 2025: SEK 69,138).

Outlook and guidance

• Focus for the remainder of 2026 is on increasing sales to both existing and new customers, faster delivery of test materials, and expanding the product portfolio.

• Management expects improved sales conditions in 2026 and 2027 despite delayed market introduction in early 2026.