ITAB posts solid Q1 as HMY synergies, UK contract bolster outlook

An update from ITAB Shop Concept AB ( (SE:ITAB) ) is now available.

ITAB Shop Concept started 2026 with stable profitability in a cautious retail market, reporting first-quarter net sales of SEK 2,922 million, up 4 percent year-on-year, largely driven by the HMY acquisition despite negative organic growth. Gross margin improved and operating margin rose to 4.9 percent, while cash flow from operating activities strengthened sharply and net debt, excluding leases, continued to decline, reinforcing the Group’s financial position.

Management highlighted that underlying earnings, excluding non-recurring integration and restructuring costs, were broadly in line with the strong comparative quarter, underscoring ongoing synergy realization from integrating HMY. ITAB and HMY’s joint presence at the EuroShop trade fair generated strong customer interest, and a new three-year framework agreement with a major UK grocery chain for shopfittings is expected to support profitable growth and bolster the company’s competitive position in the European retail solutions market.

The most recent analyst rating on (SE:ITAB) stock is a Buy with a SEK25.00 price target. To see the full list of analyst forecasts on ITAB Shop Concept AB stock, see the SE:ITAB Stock Forecast page.

More about ITAB Shop Concept AB

ITAB Shop Concept AB is a Sweden-based retail solutions provider focused on shopfittings, checkout solutions and in-store concepts for grocery and other retail chains. Through its acquisition of HMY, the Group has broadened its geographic reach and combined expertise in creating attractive and efficient store experiences, targeting leading retailers across Europe and beyond.

Average Trading Volume: 496,951

Technical Sentiment Signal: Sell

Current Market Cap: SEK3.58B

See more data about ITAB stock on TipRanks’ Stock Analysis page.