MIPS AB (SE:MIPS)
:MIPS
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.45Last Year’s EPS
0.72Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong operational momentum: robust organic growth across regions and categories, healthy gross margins, positive cash flow, strategic acquisition (Koroyd) and notable sustainability recognition. Most headline profitability weakness was attributable to identifiable one-offs (legal costs, FX headwind and transaction expenses) rather than deteriorating core performance — adjusted EBIT margins were strong (~39.8% Q4, ~38.2% FY). Key negatives include ongoing legal costs, FX effects, a weaker Chinese consumer market and tariff-related disruptions. On balance, the positives (broad-based growth, sustainability accolades, cash generation, accretive acquisition and strong adjusted profitability) outweigh the negatives, though near-term uncertainty remains around legal costs and China demand.Company Guidance
Strong Overall Organic Growth
Q4 organic net sales +18% (reported +2% due to FX); Full year organic net sales +21%. Company grew across all three categories despite challenging conditions.
Geographic Momentum — Europe and U.S.
Europe showed sustained momentum (organic growth a little more than 30% and Europe contributed ~43% of total net sales). U.S. sales grew close to 30% organically, with signs of inventory refill and improving consumer demand late in Q4.
Category Performance
Sports: Q4 organic +17% and full year +20%; Moto: Q4 organic +32% and full year +22%; Safety: Q4 organic +41% and full year +42% — broad-based category strength.
Strong Gross Margins and Gross Profit Growth
Q4 gross margin 72.9% (flat vs prior year); full year gross margin 73.4% (vs 72.5% prior year). Gross profit increased 2% in Q4 and 12% for the full year.
Underlying Profitability Excluding One-offs
Adjusted for legal and transaction costs, underlying EBIT margin was strong: Q4 adjusted EBIT margin 39.8% and full year adjusted EBIT margin 38.2%, indicating healthy core profitability.
Solid Operating Cash Flow
Operating cash flow Q4 SEK 52 million; full year SEK 148 million (up from SEK 142 million prior year), supporting operations and M&A financing.
Dividend and Capital Allocation
Board proposes dividend SEK 2.50 per share, corresponding to 55% of net earnings (above the stated ambition of at least 50%).
Strategic Acquisition of Koroyd
Acquired ingredient brand Koroyd for EUR 40 million (cash and debt-free), ~8x adjusted 2025 EBITDA with an earn-out up to EUR 25 million (total up to 13x). Transaction financed with cash and a SEK 300 million revolving credit facility; expected to be accretive to EPS and EBIT/sales and to expand product and market opportunities (body protection, industrial safety, etc.).
Sustainability Recognition and Progress
Ranked #1 in Carnegie sustainability ranking (consumer goods), MSCI AAA rating, top-rated at CDP (SME). Delivered 49% of 2030 emissions reduction ambition to date, recycled materials usage at 34% of total, and average factory social audit score above 90%.
Product & Market Wins
Nine consecutive quarters of growth in bike helmets; positive in-market volume trends (bike volume +1%, price +5%; snow volume +2%) and launch of high-profile brand collaboration (Mikaela Shiffrin) to boost awareness.
SE:MIPS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SE:MIPS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | kr297.80 | kr281.00 | -5.64% |
Oct 22, 2025 | kr331.60 | kr368.80 | +11.22% |
Jul 16, 2025 | kr441.80 | kr451.40 | +2.17% |
Apr 24, 2025 | kr356.66 | kr329.15 | -7.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does MIPS AB (SE:MIPS) report earnings?
MIPS AB (SE:MIPS) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is MIPS AB (SE:MIPS) earnings time?
MIPS AB (SE:MIPS) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of MIPS AB stock?
The P/E ratio of MIPS AB is N/A.
What is SE:MIPS EPS forecast?
SE:MIPS EPS forecast for the fiscal quarter 2026 (Q1) is 1.45.