Sweden · Delayed Price · Currency is SEK Terranor Group AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 saw 23% revenue growth and a 62% rise in adjusted EBITDA, driven by strong winter operations and new contracts, especially in Sweden. Backlog reached an all-time high, and the company remains on track for its medium-term margin target, despite ongoing challenges in Finland.
Fiscal Year 2025
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Q4 and full year 2025 saw 29% revenue growth, strong cash flow, and solid performance in Sweden, offsetting challenges in Finland and Denmark. Operational cash flow reached SEK 201 million, and restructuring in underperforming subsidiaries is underway.
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Q3 showed strong growth and improved profitability, led by Sweden's road operations. Adjusted EBITDA rose 14% year-over-year, with new contracts ramping up successfully. Denmark and Sweden are expected to reach margin targets soon, while Finland faces longer-term challenges.
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Q2 revenue grew 12% year-on-year to SEK 849 million, with adjusted EBITDA margin up to 2% and strong contract wins in all regions. IPO-related one-off costs impacted cash flow, but underlying profitability and growth outlook remain robust.