Plejd once again surprised the market positively with its Q1 report.
Quick highlights:
- EBIT increased by 87% y/y (33% q/q), driven by a higher gross margin (56% vs 52%). The main reasons for its improvement were “optimizations of our most installed product, the downlight DWN-01” and “increased share of in-house production in our own factory”.
- At the end of the quarter, a new LED panel was launched: LPN-01, “our first luminaire aimed exclusively at commercial installations”. Deliveries will begin and production will be ramped up in Q2.
- The transfer to the main list of the Stockholm Stock Exchange was planned for the end of 2026, but the schedule has been delayed to the latter half of 2027, with the reasoning “we have chosen to prioritize operational execution”.
First quarter │ Jan–March 2026
- Net sales amounted to TSEK 307,876 (220,383), which is an increase of 39.7%
compared to the same period last year.- The gross margin amounted to 55.8% (51.6).
- Operating profit before depreciation (EBITDA) amounted to TSEK 132,282 (77,140), which corresponds to an operating margin before depreciation of 43.0 % (35.0).
- Operating profit (EBIT) amounted to TSEK 106,767 (57,100), which corresponds to
an operating margin of 34.7% (25.9).- Earnings per share before dilution amounted to SEK 7.51 (4.02).
Pareto Securities says that the Q1 report crushed expectations and significant forecast upgrades are expected. Plejd’s share price at the time of writing is approximately +13% (SEK 971), and it appears to have reached a new intraday ATH of SEK 1000.
The Netherlands and Norway continue to be the fastest-growing markets:
