Operating cash flow after investments amounted to SEK -4.6 billion, negatively impacted by seasonal increase in operating working capital and the operating loss in North America. Net debt/EBITDA was at 3.8x at the end of the first quarter of 2026. The previously communicated business outlook for the financial year 2026 in the Year-end Q4 report 2025 remains overall unchanged, despite expected significant additional costs related to extended U.S Section 232 import tariffs on products that contain steel, aluminum and copper applicable since April 6, 2026. The Group’s ambition is to offset the negative impact through already announced price increases.
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