Exsitec Holding AB (OSTO:EXS)

Q1 2026 Exsitec Holding AB Earnings Call Transcript

Apr 22, 2026 / 08:00 AM GMT

Release Date Price: kr114 (+4.59%)

Transcript

Key Points

Positve

Exsitec Holding AB (OSTO:EXS) reported a strong adjusted EBITDA of 49 million SEK with a margin of 21%, indicating solid profitability.
Recurring revenue from software grew by 17% year-on-year, reaching 232 million SEK on a last twelve months (LTM) basis.
Order intake from new customers increased by 38% in the quarter, reflecting strong demand and sales momentum.
The company maintains a diversified customer base with no single customer contributing more than 1% of total revenue, reducing risk.
Exsitec's trainee program is a significant source of talent, with 40% of employees starting as trainees, supporting long-term growth.

Negative

Organic growth was modest at 1% for the quarter, with management expressing dissatisfaction and aiming for higher growth rates.
Total growth for the group was negative at -1% when including divested operations, indicating challenges in maintaining overall growth.
The Danish operation experienced a decline, contributing to a 7% decrease in the Nordics segment, highlighting regional performance issues.
Market conditions remain cautious, with customers delaying minor system updates and standard adjustments.
The company faces challenges in improving efficiency and profitability in Norway, with current margins lower than in Sweden.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EXS.ST - Exsitec Holding AB
Q1 2026 Exsitec Holding AB Earnings Call
Apr 22, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Hi everyone and welcome to this web presentation of the Excitec Q1 report. My name is Karl Urbey and I will be moderating this presentation. Presenting today will be Group CEO Niklas Eek and Group CFO Karl Anderson.

If you have any questions during the presentation, either use the raise your hand function or write directly through the chat here in Zoom. With that, I hand it over to you, Niklas and Karl.

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Unidentified_2 [2]
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Thank you, Karl.

Hello, everyone. This is Niklas Jek speaking. I am the CEO at Excitech and we'll start off by making

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