AddLife AB (FRA:1AD1)
€ 14.67 +0.25 (+1.73%) Market Cap: 1.79 Bil Enterprise Value: 2.21 Bil PE Ratio: 33.91 PB Ratio: 3.55 GF Score: 87/100

Q1 2026 AddLife AB Earnings Call Transcript

Apr 28, 2026 / 07:00 AM GMT
Release Date Price: €13.97 (-4.12%)

Key Points

Positve
  • AddLife AB (STU:1AD1) maintained a high EBITDA margin of 12.5%, with Labtech achieving a 13.1% margin.
  • The company reported a 3% organic growth at the Group level, excluding the divested endoscopy business.
  • AddLife AB (STU:1AD1) successfully completed two acquisitions: BioSpectrum in the UK and Covachrom in Austria, enhancing their portfolio.
  • Advanced products in both Labtech and Medtech are driving growth and higher margins, with significant potential in genomics and gene sequencing.
  • The company has a strong balance sheet, supporting both organic and acquired growth, with net debt to EBITDA at 2.3, below the target of 3.
Negative
  • Currency fluctuations had a negative impact of 4% on growth, affecting overall financial performance.
  • The divestment of the endoscopy business in the UK resulted in a negative impact of 3% on growth.
  • Operating cash flow was seasonally weak, with a significant negative impact from working capital changes.
  • The Medtech segment experienced a slight decline in EBITDA margin from 13.5% to 12.8%, indicating pressure on profitability.
  • Doctor strikes in Spain temporarily reduced growth in the Medtech segment, affecting overall performance.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ALIFb.ST - AddLife AB
Q1 2026 AddLife AB Earnings Call
Apr 28, 2026 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone, and a warm welcome to the AdLife first quarter presentation. As usual, we will be going through the developments in the different parts of the business as well as the financials, and after that, open up for questions. After the Q&A session, we have prepared a video from one of our subsidiaries. This time around, Bonsai Lab. So we do encourage you to stay on to listen to that very interesting video. So let's move on to the highlights of the quarter. So in the first quarter, we're pleased to note that the high margins continue, and at the same time, we are increasing the acquisition activity.

The EBITDA margin remained high at 12.5%, only slightly below the very high levels of Q1 in 2025. In Labtech, which had a really
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