Q1 2026 ITAB Shop Concept AB Earnings Call Transcript
Key Points
- ITAB Shop Concept AB (FRA:29I0) reported a net profit of SEK70 million, higher than the previous year.
- The company achieved a strong cash flow from operations at SEK214 million.
- Margins improved due to purchasing synergies and lower SG&A expenses.
- The grocery sector, which constitutes 51% of sales, showed resilience amidst economic uncertainty.
- The company is on track with its EUR30 million synergy plan, with one-third already executed.
- Net sales declined by 7% on a currency-adjusted basis, reflecting a general market slowdown.
- Adjusted EBITDA decreased to SEK164 million from SEK204 million the previous year.
- Sales were lower across most sectors, with significant declines in Southern and Eastern Europe.
- The geopolitical situation, particularly the US-Iran conflict, is impacting customer decision-making and increasing costs.
- The company faces challenges in maintaining order backlogs and visibility due to market hesitancy and delayed projects.
Welcome to ITAB Shop Concept Q1 report 2026 presentation. (Operator Instructions) Now, I will hand the conference over to the speakers. Interim CEO and President Glauco Frascaroli and CFO Andreas Helmersson, please go ahead.
Good morning. Good morning, everyone. We are here today to present our Q1 2026. I just want to give you some information for the people that doesn't know ITAB. So, I want just to tell you about our production facilities. We have around 22 production facilities in 16 countries.
We are operating in more than 30 countries with around 5,300 employees.
Our net sales are around SEK13 billion with our EBIT around SEK835 million.
Our EBITDA margin is 6.3%.
Our division are grocery, that is around 51% of our sales.
Then we have fashion that is around 12% of our net sales. And then we have DIY home improvement around 10%. And then we have health and beauty 6%, and then other customer groups that is around 21%
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