Investment company Ratos reported adjusted EBITA for the first quarter of 2026 that exceeded analyst expectations. Net sales were in line with consensus. The figures refer to continuing operations.

Net sales rose 0.6 percent to SEK 4,497 million (4,472). This outcome compares with the Modular Finance analyst consensus of 4,466.

EBITA amounted to SEK 391 million (465), representing an EBITA margin of 8.7 percent (10.4).

Adjusted EBITA reached SEK 417 million (345), compared to the expected 394, with an adjusted EBITA margin of 9.3 percent (7.7).

Operating profit was SEK 361 million (434), with an operating margin of 8.0 percent (9.7).

Profit before tax was SEK 253 million (270).

Profit after tax amounted to SEK 247 million (235).

Earnings per share were SEK 0.59 (0.53).

Ratos, SEKmQ1-2026ConsensusChange vs consensusQ1-2025Change
Net sales4,4974,4660.7%4,4720.6%
EBITA391465-15.9%
EBITA margin8.7%10.4%
Adjusted EBITA4173945.8%34520.9%
Adjusted EBITA margin9.3%8.8%7.7%
Operating profit361434-16.8%
Operating margin8.0%9.7%
Profit before tax253270-6.3%
Net profit2472355.1%
Earnings per share, SEK0.590.5311.3%
Cash flow from operating activities-285
Consensus data from Modular Finance