Ratos AB (publ) (RTOBF) Q1 2026 Earnings Call Transcript

Operator

Welcome to Rato’s Q1 Earnings Call 2026. [Operator Instructions]

Now I will hand the conference over to CEO, Gustaf Salford; and CFO and IR, Anna Vilogorac. Please go ahead.

Gustaf Salford
President & CEO

Good morning, everyone, and thank you for joining us today. I will begin with a brief overview of the quarter, and then Anna will go through the financials in more detail.

Overall, we delivered solid growth in what continues to be a mixed market environment. Net sales increased by 3.4% and adjusted EBITA came in at SEK 460 million (sic) [ SEK 417 million, ] corresponding to a margin of 9.3% and EBITA growth of 21%. Adjusted earnings per share was SEK 0.67, an increase of 81% compared to last year.

We had a strong start of the year in our industrial product companies. Diab and HL Display both posted healthy growth. On the industrial services side, the quarter was more challenging. Both Knightec Group and Aleido faced softer demand and tougher market conditions.

Our results for the quarter was negatively impacted by 2 main factors: First, lower volumes and gross margins among our technical consulting businesses. And secondly, at Speed, we continue to invest in automation to increase capacity and efficiency over time, which temporarily affected profitability as we absorb these investments.

During the quarter, we also launched our strategy, Ratos 2030. The strategy reflects a clear direction. Ratos is returning to its roots as a focused