Systemair AB (STU:52SA)

Q1 2027 Systemair AB Earnings Call Transcript

Aug 27, 2026 / 11:30 AM GMT

Release Date Price: €7.93 (+3.12%)

Transcript

Key Points

Positve

Systemair AB (STU:52SA) reported an adjusted operating margin of 9.9%, up 0.6 percentage points year-over-year, bringing its long-term 10% target well within reach.
The company achieved its eighth consecutive quarter of organic growth, with strong double-digit growth of 15% in North America and 11% in Eastern Europe.
The acquisition of Temspec in Canada, with an EBIT margin above the Systemair Group average, is expected to strengthen its presence in the North American market.
The launch of the new Geniox air handling unit with an integrated heat pump using a natural refrigerant (R290) positions the company as a future-proof and sustainable solution provider.
Systemair AB (STU:52SA) secured a significant data center project order in Finland, demonstrating its ability to win business with global, demanding customers and diversify its revenue streams.

Negative

The company faces ongoing cost inflation for commodities and freight, which has led to increased input costs and required price increases to mitigate margin pressure.
Supply chain challenges persist, with longer lead times for key components and the need to build higher safety stock, negatively impacting working capital and free cash flow.
Free cash flow declined to 69 million from 108 million in the prior year, driven by significant increases in trade receivables and inventory.
The geopolitical situation, particularly the war in the region, is causing logistics challenges and delivery disruptions in the Middle East, affecting operations in Saudi Arabia.
The German market remains slow and volatile, with no major shift in market dynamics, although the company does not see it as a major concern.

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

SYSR.ST - Systemair AB
Q1 2027 Systemair AB Earnings Call
Aug 27, 2026 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to SystemError Q120 and 26/27's report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to the President and CEO Robert Larsen and CFO Anders Ulf. Please go ahead.

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Unidentified_2 [2]
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Thank you very much. So this is Robert Larsson speaking and with me I have Andes Uls of course.

We are very pleased to have you here and we look forward to

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