Elanders Reports Decline in Net Sales but Improved Profitability for Q1 2026
Logistics company Elanders reported a decrease in net sales for the first quarter of 2026 compared to the previous year, alongside a significant increase in adjusted operating profit.
Elanders AB has released its first-quarter 2026 report on April 23, 2026, detailing a reduction in net sales but a notable improvement in profitability.
The company's net sales amounted to MSEK 2,765, a decrease from MSEK 3,232 in the same period last year. Despite the sales decline, the adjusted operating profit (Adjusted EBITA) increased by 29 percent, rising from MSEK 133 to MSEK 172. The adjusted EBITA margin saw a substantial improvement, moving from 4.1 percent to 6.2 percent.
The company reported an organic growth of one percent, with a two percent growth excluding its Air & Sea business segment. The report does not provide specific details on the drivers behind the net sales decrease or the nuances of organic growth.
Operating profit was positively impacted by the absence of one-off items, which amounted to MSEK -87 in the prior-year period due to structural measures. In the first quarter of 2026, such one-off items were nil.
The adjusted result before tax improved to MSEK 32 from a negative MSEK 14 in the previous year. Similarly, the adjusted result after tax rose to MSEK 23 from MSEK -21. Earnings per share were SEK 0.64, compared to SEK -0.60 in the prior year.