Studsvik balances softer margins with bold push into new nuclear projects

The latest announcement is out from Studsvik AB ( (SE:SVIK) ).

Studsvik reported first-quarter 2026 sales of SEK 226.4 million, essentially flat year-on-year but up 4.1 percent in local currencies, with growth driven by a 16.6 percent increase at Studsvik Scandpower. Operating profit fell to SEK 12.3 million, cutting the operating margin to 5.4 percent, and free cash flow turned negative at SEK –12.5 million, partly due to accrual effects and strong advance payments received in late 2025.

Strategically, the group moved further into new nuclear development by agreeing to acquire Kärnfull Next AB, extending its role from servicing existing facilities to participating in new-build projects. Following the deal, Kärnfull Next filed a landmark application for an SMR campus in Valdemarsvik, while Studsvik also signed memoranda of understanding with Rolls-Royce SMR and Novatron Fusion Group, positioning the company at the forefront of emerging small modular reactor and fusion opportunities.

More about Studsvik AB

Studsvik AB is a Swedish provider of advanced technical services to the global nuclear power industry. Its main business areas include fuel and materials technology, reactor analysis software, decontamination and radiation protection, and technical platforms for handling, conditioning and volume reduction of radioactive waste. The company has more than 75 years of nuclear technology experience, employs about 510 people in six countries and is listed on Nasdaq Stockholm.

Average Trading Volume: 29,859

Technical Sentiment Signal: Buy

Current Market Cap: SEK2.49B

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