Resilient Profitability and Operational Efficiency
EBITDA of SEK 117 million (Q1 2026) with an EBITDA margin of 9.3% (down from 10.1% prior year) but supported by increased factory productivity and automation investments (AGVs, Charlotte and Thomasville investments) that helped maintain margins despite lower volumes.
E&FT Margin Improvement and Service Growth
E&FT sales SEK 592 million with orders received SEK 578 million; adjusted EBIT margin increased to 12.2% from 11.6% year-over-year. Base business and service revenues grew, driven by investments (RoboVent Detroit, in‑sourcing) and stronger service pipeline.
Process Technology Order Growth and Stronger Profitability Mix
Process Technology orders SEK 346 million: currency‑neutral order intake nearly +14% and organic +2.9%. Sales slightly down to SEK 321 million but adjusted EBITDA margin improved to 9.1%, supported by after‑market/service revenue and contribution from the Euro‑Equip acquisition.
High Margins in Duct & Filter on Lower Volumes
Duct & Filter sales SEK 194 million with adjusted EBIT SEK 37 million and margin 18.9% (versus 22.1% prior year). Investments and automation (Thomasville) delivered strong factory efficiency and low direct labor reducing leverage on modest volumes.
Product & Digital Innovation and Strategic Investments
Continued R&D (~3% last year) and product launches (GoMax award, BIM Toolbar, HygiDuct, PM Laser), expansion of partner web shops, deeper digital integration (Insight and Olicem), and capacity/certification investments (Gasmet, Auburn) strengthening long‑term offerings.
Late‑Quarter Pickup and Strong Pipeline
Activity picked up in the latter part of March across multiple divisions (E&FT, Duct & Filter, Monitoring & Control), management reports strong pipelines and backlog increases in Process Technology, suggesting potential for improved performance in coming quarters.