Q1 2026 Lagercrantz Group AB Earnings Call Transcript
Key Points
- Lagercrantz Group AB (FRA:LG72) reported a solid quarter with good earnings growth and revenue growth.
- The company achieved a 10% increase in net revenues, with acquisitions contributing 10% and organic growth at 3%.
- EBITA increased by 12%, with the EBITA margin improving to 17.5%.
- The Electrify division showed strong performance with a 20% revenue growth and an EBITA margin of 18.3%.
- The company completed 11 acquisitions in the past year, contributing to 15% of net revenues, demonstrating a strong M&A strategy.
- The TecSec division experienced a decline in revenues by 2% and an organic decline of 5%, affected by the weak construction sector.
- The construction-related business remains sluggish, impacting overall demand in certain segments.
- The International division posted a decline in revenues by 2%, affected by a 5% negative impact from foreign exchange.
- The company's exposure to the US market is limited, accounting for less than 4% of group sales, which may limit growth opportunities in that region.
- Geopolitical uncertainties are causing market hesitation, which could impact future business conditions and acquisition strategies.
Thank you, and good morning, everyone. Me speaking is Jörgen Wigh, CEO of the group. And together with me here this morning is Peter Thysell, our CFO. We will -- as normally, we have released our numbers this morning. And here, we, in the morning here, tried to open up for some questions, give a presentation of the -- what we released, open up for some questions and have a session of, yeah, 40, 45 minutes, maybe up to an hour with questions.
And so welcome, everyone. We will, as normal, have a short introduction. We will go over the numbers and then look a little bit ahead of what's going on in the group and what we -- how we see things. So that's sort of the three different parts of the session. We will open up for questions at the end.
So to get a short introduction, I mean, Lagercrantz is a tech group with leading positioning in expansive niches. And you can see over to the right here on this slide where we are located. We have our companies both in Northern Europe, most of them, but we also have some
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