Q1 2026 Studsvik AB Earnings Call Transcript
Key Points
- Studsvik AB (FRA:SUD) reported stable top-line performance with a 4% growth in local currencies.
- The acquisition of Kärnfull Next AB positions Studsvik AB at the forefront of the SMR market segment in Sweden and overseas.
- The company signed MOUs with Rolls-Royce SMR and Novatron Fusion Group, expanding its strategic partnerships in the nuclear sector.
- Decommissioning and radiation protection services saw a doubling of operating margin due to improved profitability measures.
- Studsvik AB is strengthening its presence in the U.S. market, aiming for better growth and higher volume.
- Operating profit decreased from 19 million SEK to 12 million SEK, with an operating margin of 5.4%, partly due to one-off effects from the previous year.
- Free cash flow was negative at -12.5 million SEK, impacted by prepayments received in Q4 2025 and late invoicing.
- Fuel Materials and Waste Technology experienced a slight decrease in operating profit due to changes in product mix and previous one-off effects.
- The company incurred higher costs related to acquisitions, affecting group EBITA.
- BlackStar Tech, a new business under ScanPower, is still being integrated and its margin profile is uncertain.
Welcome to Studsvik Q1 2026 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 dialling pound key 5 on their telephone keypad. Now I will hand the conference over to the speakers. Please go ahead.
Welcome to the interim report for Q1 2026 for Studsvik . I'm Karl Thedéen and next to me I have Peter Teskev, my CFO.
So, let's start to go through the quarter.
First, a summary of the strategic group. We are a worldwide service and product provider to the nuclear industry, and net sales last year amounted to 883 million SEK. We have offices in Asia, in Europe and in the US. We're a little bit more than 500 employees in six offices around the world.
Before we go to results, just to remind everybody where we are in terms of what we do, because that is important. And start with the top left-hand corner, new build, which is actually an area
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