Q1 2026 Bonava AB (publ) Earnings Call Transcript
Key Points
- Bonava AB (FRA:66B) recorded stable sales despite market uncertainties, with improvements in the consumer segment due to higher disposable income and low unemployment.
- The company saw high sales across Baltic cities and a strong building reservation rate in Germany, indicating robust demand.
- Bonava AB (FRA:66B) improved its EBIT margin to 4.8% in Q1 and 6.8% over the rolling 12 months, with a full-year guidance of 8% to 9%.
- Net sales grew by 11% adjusted for currency, despite production challenges due to cold weather, particularly in Germany.
- The company maintains a solid financial position, with decreased central debt and increased project-related debt, supporting ongoing projects and future growth.
- Finland remains a sluggish market, impacting overall performance, with expectations of only breakeven results for the year.
- The first quarter was impacted by seasonality, particularly in Germany, leading to lower performance compared to other quarters.
- Cold weather conditions in Germany slowed construction pace, affecting sales and reservation rates.
- The company experienced a negative cash flow before financing and tax due to high production activity requiring increased working capital.
- Bonava AB (FRA:66B) faces ongoing refinancing discussions for central debt, with uncertainty around the timing and terms of new agreements.
()--
Good morning, everyone, and a very warm welcome to the first quarter of Bonava 2026. My name is Anna Fyhrlund, and I am Head of Investor Relations here at Bonava. Standing here in a sunny Stockholm, together with our CEO, Peter Wallin; and our CFO, Jon Johnsson. They will take you through the highlights of this report. And afterwards, we will end up with a Q&A, and you can start already now to type in your questions.
So with that, Peter?
()- -
Thank you very much, Anna, and good morning, everyone. Looking forward to take you through the Q1 here. So if we take on the topic on Q1, looking at the markets, we are recording stable sales even though we have a lot of uncertainties kicking around in market. We are seeing the same trends as usual. We have seen for quite some time that the consumer segment is improving, and it's improving based on that
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
