Q1 2026 Vestum AB (publ) Earnings Call Transcript
Key Points
- Vestum AB (FRA:W0S) reported a significant increase in adjusted EBITDA margin from 8.7% to 11.7%.
- Cash flow from operating activities was strong, increasing to SEK79 million from SEK20 million last year.
- The company successfully reduced its leverage, with financial net debt in relation to reported EBITDA decreasing to 3.2 times.
- The flow tech segment showed impressive growth, with EBITDA increasing by 59% and margins rising from 18.1% to 23.9%.
- Vestum AB (FRA:W0S) completed two acquisitions in the UK, contributing positively to the company's growth strategy.
- Net sales decreased by 8% compared to the same period last year, primarily due to divestments in the solutions segment.
- The solutions segment experienced a decrease in profitability due to divestitures, adverse weather conditions, and completion of low-margin projects.
- There was a slight negative organic growth of 2% in the quarter.
- The EBITDA margin decreased compared to the same period last year, affected by the flow technology and niche product segments.
- Higher CapEx spending partially offset the increase in free cash flow, indicating ongoing investment requirements.
Welcome to the Vestem Q1 2026 report presentation. (Operator Instructions) Now I will hand the conference over to the speakers, CEO Simon Goethberg, CFO Olof Andersson. Please go ahead.
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Hello, everyone, and welcome to our presentation of Vestum's Q1 report for 2026.
My name is Simon Goethberg, CEO of Vestum, and together with me, also our CFO, Olof Andersson.
Let's start with some highlights from the quarter. It's great to see that we continue to deliver growth in adjusted EBITDA cash flows, and again, with an increase. In adjusted EBITDA margin, this time up from 8.7% to 11.7%.
Cash flow was, as expected, solid with cash flow from operating activities of SEK79 million in comparison to SEK20 million last year.
Two acquisitions were completed in the quarter, but since cash flows were strong, we still managed to reduce leverage as measured by financial net debt in relation to reported EBITDA to 3.2 times.
Now let's have a
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