ITAB Group AB (publ) (ITAB) Earnings Call Transcripts

ITAB Group AB (publ)'s Latest Earnings Call - Q1 FY2026

In Q1 2026, ITAB Shop Concept AB reported net sales of SEK 2.9 billion, reflecting a 7% decline year-over-year, primarily due to a cautious market environment. Adjusted EBITA was SEK 164 million, down from SEK 204 million in the previous year, indicating challenges in maintaining profitability amid external pressures. Management maintained a positive outlook, emphasizing ongoing synergy execution and a focus on profitable growth despite geopolitical uncertainties impacting customer decision-making.

Reported metrics

Guidance from management

Management remains optimistic about future growth opportunities, particularly following the EuroShop event, while continuing to focus on executing their synergy program aimed at EUR 30 million annually by 2027.

What management said

Yes, I can try to answer that. I think -- I mean, it's more related to where we have our market exposure. And we can see that France is quite strong. That's the market where legacy HMY was significantly stronger than legacy ITAB. And legacy HMY also had a strong foothold in Spain. And both France and Spain are very strong in Q1 this year.

I can answer. I think, no. We didn't lose any shares in the market because I think the only problem is that the situation is, as I said before, the customers are [ exiting ]. And also, we have to say that when we have EuroShop normally, people are waiting to place new orders to see all the new products that we present. And I have to remember that to all of you that we had more than 50,000 visitors in EuroShop. So the...

What analysts pressed on

Analysts expressed concerns about the impact of geopolitical tensions on customer spending and the overall market environment. Questions were raised regarding the stability of order backlogs and the potential for further project delays.

Main topics on the call

• Revenue Decline — ITAB experienced a 7% decline in net sales, attributed to a cautious market and project delays. CFO Andreas Helmersson noted, "we do see a weak general market temperature," indicating broad sector challenges.
• Profitability and Margin Maintenance — Despite revenue challenges, ITAB managed to sustain its EBITA margin through purchasing synergies and lower SG&A expenses. Interim CEO Glauco Frascaroli stated, "we improved margins with purchasing synergies and lower SG...
• Synergy Execution Progress — Management is approximately one-third into a EUR 30 million synergy program aimed for full effect by 2027. Helmersson mentioned, "we estimate to be circa 1/3 into the program from a P&L perspective," indicating progress ...
• Geopolitical Impact — The ongoing U.S.-Iran conflict is creating uncertainty for customers, impacting their capital expenditure decisions. Helmersson remarked, "there's a big dark cloud on the sky as well being the U.S.-Iran conflict," unders...

Read the full ITAB Group AB (publ) transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 11 ITAB Group AB (publ) earnings call transcripts on record, spanning July 13, 2023 to July 16, 2026. Based on this history, ITAB Group AB (publ) reports quarterly. The most recent call on file is dated July 16, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ITAB

Exchange

OM

Country

SE

Sector

Industrials

Industry

Commercial Services and Supplies

Calls on record

11

First call

July 13, 2023

Most recent

July 16, 2026

Reporting cadence

quarterly