Q1 2026 Acconeer AB Earnings Call Transcript
Key Points
- Acconeer AB (FRA:2LU) reported record net sales of SEK18.3 million for Q1 2026, marking the third consecutive quarter of record revenue.
- The company achieved a 71% year-over-year growth in product sales with constant currency, indicating strong market demand.
- Gross margin improved to 50% from 46% in the previous quarter, reflecting successful efforts in cost management and pricing strategies.
- The A212 sensor has entered volume shipment, expanding Acconeer's addressable market and marking a significant milestone after five years of development.
- Firm orders for 2026 delivery have already exceeded the total revenue of 2025, demonstrating strong future growth potential.
- The EBIT for Q1 2026 was negative at SEK9.3 million, impacted by increased amortization of development costs.
- Despite revenue growth, the company is still not cash flow positive when adjusted for financing activities, with a cash bleed of SEK6 million in the quarter.
- The automotive sector experienced a significant decrease in business in 2025, although it is now recovering.
- The transition from CapEx to OpEx has negatively impacted EBIT, despite a reduction in total cash outflows year-over-year.
- The company is still in the early stages of business development in the industry and automation sector, indicating potential but unrealized growth.
Welcome to the conference call. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing *5 on their telephone keypad. Now I will hand the conference over to the speakers. Please go ahead.
Welcome to the Acconeer Q1 2026 Earnings Call. I'm Ted Hansson, CEO of Acconeer, and with me today, I have Anna Allred, who is Head of Communications at Acconeer. As usual, I will go through the quarterly report, give an operational update, and then we will have a Q&A session in the end.
Let's start by looking at some of the highlights of the first quarter in 2026. We saw a net sales of SEK18.3 million, which is record for Acconeer, and it's also the third consecutive quarter with record revenue. The revenue grew 34% or with constant currency 57%. It's worth noting that the growth in product sales was 71% year-over-year with constant currency, so a very strong growth in product sales.
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