Q1 2026 Rusta AB (publ) Earnings Call Transcript
Key Points
- Rusta AB (publ) (STU:6ZZ) achieved a total net sales growth of 6% excluding currency effects, indicating strong underlying business performance.
- The company opened two new stores post-quarter, expanding its network to 227 stores, with a pipeline of 47 more, showing robust expansion plans.
- Rusta AB (publ) (STU:6ZZ) reported a positive trend in Sweden and Norway, with increased footfall and higher average ticket values.
- The company successfully rolled out a new store concept across its network, expected to positively impact like-for-like sales by 1.5% to 2%.
- Rusta AB (publ) (STU:6ZZ) maintains a strong financial position, allowing for a proposed dividend increase of 26% to SEK1.45 per share.
- The Finnish market underperformed expectations, with weaker sales driven by a shift towards lower-ticket items.
- The company's EBITA margin decreased to 8.8%, impacted by negative currency effects and the absence of compensation from a previous IT attack.
- Gross margin decreased by 1.2 percentage points, primarily due to unfavorable currency effects.
- Rusta AB (publ) (STU:6ZZ) faced challenges in fully mitigating currency headwinds, affecting profitability.
- The expansion in Finland, despite being a weaker market, raises concerns about the timing and potential profitability of new store openings.
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Good morning, and welcome to the presentation of the first quarter of Rusta. In our financial year that stretches from May until April, this represents then the first three months of May, June and July. Presenting will be myself, Goran Westerberg, CEO of Rusta, and I'm joined by Sofie Malmunger, our CFO.
The agenda for today. We will start with a short business update to explain what's been happening during the quarter. We'll then move into more of a deep dive into the financial performance by Sofie. And then we will also add this time an update on some of the projects that are going on to give you a little bit of a flavor of what is happening in the chain. And then finally, we will summarize, tell you a little bit about current trading and then open up for Q&A.
Let's start with the business update and as usual, give you a picture of what the retail chain looks like right now. During the quarter, we did not open any stores. This is normal. We never do during peak seasons, meaning summer and
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