Nolato (NOLA) Q1 2026 earnings summary

Executive summary

• Achieved SEK 2,357 million in Q1 sales, with 3% organic growth adjusted for currency, despite geopolitical and currency headwinds.

• EBITA reached SEK 260 million, with a stable margin of 11.0%, though profit after tax declined to SEK 181 million and EPS to SEK 0.67.

• Cash flow from operating activities improved to SEK 225 million, reflecting operational efficiency.

• Strong financial position maintained, with net financial liabilities/EBITDA at 0.5x and equity/assets ratio at 60%.

• Ongoing acquisition strategy and global expansion supported by robust balance sheet.

Financial highlights

• Net sales were SEK 2,357 million, down from SEK 2,453 million year-over-year, but up 3% currency-adjusted.

• EBITA was SEK 260 million (down from SEK 271 million), with a stable margin of 11.0%.

• Profit after tax was SEK 181 million, and earnings per share were SEK 0.67, both slightly lower than the prior year.

• Cash flow from operating activities increased to SEK 225 million, and cash flow after investments was SEK 32 million (up from -SEK 136 million).

• Return on capital employed was 14.0% for the last 12 months.

Outlook and guidance

• Anticipates 5%-10% increase in material input costs in the near term, with a 3-4 month lag before passing costs to customers.

• Margin pressure expected in Q2 due to input cost lag, with normalization anticipated in Q3.

• CapEx guidance for 2026 remains SEK 650–700 million.

• Expansion projects in Hungary, Poland, and Malaysia are ongoing, with commercial volumes from Hungary expected late Q2.

• Strong financial position enables intensified M&A agenda and focus on new materials and technologies.