Regulatory press release

Karnell interim report January – March 2026

"A strong start to 2026 — our strongest organic quarter since the IPO, expanding margins, and a step-up in cash flow. With the acquisition of OBA, we entered Italy and extending Karnell's platform into a new geography — complemented by flex7 in the UK shortly after period end." Petter Moldenius, CEO

Summary of the first quarter (January 1 – March 31, 2026)

Net sales increased by 27.3% to SEK 457.4 million (359.4), of which organic growth amounted to 13.1%.

EBITA increased by 73.0% to SEK 66.3 million (38.3), corresponding to a margin of 14.5% (10.7). Organically EBITA increased by 43.1%

The quarter was impacted by SEK 1.3 million (2.0) in acquisition costs.

Operating profit (EBIT) amounted to SEK 58.8 million (33.6), an increase of 74.9%.

Cash flow from operating activities amounted to SEK 58.8 million (13.3).

Earnings per share after dilution amounted to 0.48 (0.36).

In March, the acquisition of the Italian company OBA Tradizione Futura S.R.L. was completed.

After the end of the period, the acquisition of the British company flex7 was completed.

Presentation of the report
Karnell presents its interim report for the first quarter of 2026 via webcast and conference call today, Friday 8 May, at 08:30 am CET. The report will be presented by CEO Petter Moldenius and CFO Niklas Svensson. The presentation will be held in English and will also include a Q&A session.

If you wish to participate via webcast please use the link below. Via the webcast you are able to ask written questions.
https://karnell-group.events.inderes.com/q1-report-2026/register

If you wish to participate and ask questions via teleconference, please register on the link below. After registration, you will be provided phone numbers and a conference ID to access the conference.
https://events.inderes.com/karnell-group/q1-report-2026/dial-in

The interim report, the presentation and a recorded version of the presentation will also be available on the company’s website via the link below.
https://karnell.se/en/investors/reports-and-presentations/

For further information, please contact
Petter Moldenius
CEO at Karnell Group AB (publ), +46 8 545 891 00

About Us

Karnell is a growth-oriented industrial technology group that acquires and develops small and medium-sized product companies and niche-producing companies through a systematic and proactive acquisition strategy. With an eternal ownership horizon and decentralized decision-making model, Karnell provides entrepreneurs and family-owned businesses with a long-term and responsible partner. The company's business concept is to identify and acquire companies with an attractive financial profile and develop these businesses by leveraging the group's tools and expertise. The group consists of 20 companies in Sweden, Finland, the United Kingdom and Italy. Karnell is listed on Nasdaq Stockholm.