HANZA interim report January–March 2026
HANZA starts 2026 with a record quarter. Sales exceeded SEK 2.6 billion, with 20% organic growth. The operating margin for comparable units was 9.7%, and cash flow amounted to SEK 424 million. The quarter confirms the business model’s ability to combine profitable growth with strong cash flow.
First quarter 2026
- Net sales increased by 100% to SEK 2,646 million (1,326).
Adjusted for currency and acquisitions, sales increased by 20%. - Adjusted operating profit amounted to SEK 227 million (97), corresponding to an adjusted operating margin of 8.6% (7.3). Operating profit amounted to SEK 220 million (86), corresponding to an operating margin of 8.3% (6.5).
For comparable units, excluding acquisitions and items affecting comparability, the operating margin was 9.7% (7.3). - Adjusted earnings per share after dilution amounted to SEK 2.15 (1.14). Earnings per share after dilution amounted to SEK 2.08 (0.90).
- Cash flow from operating activities amounted to SEK 424 million (68).
CEO Erik Stenfors comments on the report
“Q1 confirms the strength of HANZA’s business model, and the work carried out within HANZA 2025. We see organic growth, a high operating margin, and strong cash flow all at the same time - a clear result of a structured and long-term effort.”
“Acquisitions are a central part of HANZA’s business model. Q1 is the first quarter to include German BMK, and the integration is progressing according to plan with very positive customer feedback in Germany. We are already seeing an increase in order intake, which is expected to contribute to growth during this year.”
“Excluding BMK, our adjusted operating margin was 9.7%. BMK reported an operating margin of 7.3%, in line with previous forecasts, and we have initiated a structured effort to gradually improve profitability, in line with how our previous acquisitions have developed.”
“Having completed HANZA 2025, we have now initiated the next strategic phase, HANZA 2028. We will broaden and further develop our manufacturing technologies to further strengthen our offering and drive continued profitable growth.”