Q1 2026 Idun Industrier AB (publ) Earnings Call Transcript
Key Points
- Idun Industrier AB (OSTO:IDUN B) reported a strong first quarter with sales growth of 15.7% and EBITA growth of 16.8%.
- Earnings per share increased by 30%, indicating strong profitability.
- The company successfully completed one new group company acquisition and two smaller add-on acquisitions, expanding its portfolio.
- Idun Industrier AB (OSTO:IDUN B) has a stable financial position with a reported net debt leverage of 2.5, expected to decrease to 2.2 or 2.3.
- The company has a strong alignment of interests between management and shareholders, with substantial ownership by the management team.
- The pulp and paper industry, a sector where Idun Industrier AB (OSTO:IDUN B) has some exposure, is experiencing declining sales and layoffs, impacting some group companies.
- The EBITA margin for the service and maintenance business area decreased slightly compared to the previous year.
- There are significant uncertainties in the macroeconomic environment, particularly regarding geopolitical tensions in the Middle East.
- Some group companies are facing cautious customer markets, which may affect future growth.
- The company has been involved in cost-saving initiatives, including employee reductions, which may indicate operational challenges.
Hello and welcome to the Idun Industrier conference call here for the first quarter of 2026. My name is Carl Korsheden and I work as an equity research analyst here at the Carnegie with a focus on these more acquisition intensive companies such as Idun. (Event Instructions)
But with that said, I will leave over to you on the first quarter.
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Thank you. And welcome to the presentation of the first quarter 2026 results of Idun Industrier. And I will start for those of you who are new to Idun with a very brief repetition of who we are. So Idun is an industrial group of companies with net sales of about SEK2.4 billion, with EBITA around SEK330 million. We consist of 20 group companies that we divide into manufacturing, which is about 60% of sales and profit, and service and maintenance, which is about 40% of sales and profit.
Idun is primarily a Swedish and Nordic organization. All of
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