SP Group AS (OCSE:SPG)

Q1 2026 SP Group A/S Earnings Call Transcript

Apr 30, 2026 / 01:00PM GMT

Release Date Price: kr372 (-0.13%)

Transcript

Key Points

Positve

SP Group AS (FRA:1PU2) reported a record-breaking Q1 2026 with a revenue growth of 22.9%, including an organic growth of 11.3%.
The company achieved an EBIT margin of 20.4%, marking the best quarter in its history.
SP Group AS (FRA:1PU2) confirmed its full-year 2026 guidance, expecting revenue growth between 15% to 23% and an EBIT margin between 11% to 13%.
The integration of eDepot is progressing well, with successful cross-selling and capacity expansion plans in India.
The company has initiated a new share buyback program amounting to DKK40 million, reflecting confidence in its financial stability.

Negative

The EBITDA margin slipped to 20.4% from 21.1% due to a change in product mix, particularly the dilution from subcontracting work through eDepot.
Geopolitical uncertainties, particularly the conflict in the Middle East, are causing rising raw material and energy prices, which could impact future performance.
There is a cautious outlook for the second half of the year due to potential disturbances in supply and increasing prices.
The healthcare segment saw a decline in MedicoPark's packaging and Guidewire sales due to a customer's decision to phase out a product.
The company faces challenges in passing on raw material price increases to customers due to delays and resistance.

Rasmus Kojborg;S;Investor Relations

SP Group A

/-

Hi and good afternoon. On behalf of Hans Christian Andersen Capital, I'd like to welcome you all to this presentation of the Q1 2026 report from SP Group that was published yesterday. My name is Rasmus Kojborg, i have the pleasure of welcoming CEO; Lars Bering and CFO; Allan Jeppesen. They promised to take us through the numbers and recent highlights. So a warm welcome to the two of you.

(Event Instructions).

With that, I'll turn off my camera and we're back for the Q&A. But for now, I'll leave it to you, Lars and Allan, please go ahead.

Lars Bering;S;Chief Executive Officer;Allan Jeppesen;S;Chief Financial Officer

SP Group A;Member of the Executive Board;SP Group A

/- -

Thank you very much, Rasmus. And welcome and thank you for joining SP Group's presentation of the interim report for Q1 2026. My name is Lars Behring, and I'm CEO of SP Group.

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