MacGregor’s Q1 performance*
- MacGregor’s first quarter 2026 was characterised by good order intake and continued strong profitability.
- Orders received decreased by 7% compared to Q1 2025 and totalled EUR 252.3 (271.5) million.
- The order book amounted to EUR 1,087.0 (31 Dec 2025: 1,059.6) million at the end of the period.
- Sales increased by 6 percent and totalled EUR 230.7 (Q1 2025: 218.5) million.
- Adjusted EBITDA increased by 22 percent and amounted to EUR 34.9 (28.6) million, representing 15.1 (13.1) percent of sales.
- Adjusted EBIT increased by 30 percent and amounted to EUR 32.1 (24.6) million, representing 13.9 (11.3) percent of sales. The items affecting comparability mainly related to strategy acceleration projects and selected restructuring initiatives.
- EBIT increased by 23 percent and amounted to EUR 28.5 (23.1) million.
- Cash flow from operations before finance items and taxes totalled EUR 31.0 (25.4) million.
- The leverage ratio improved to 0.30 (31 Dec 2025: 0.54).
MacGregor CEO Jonas Gustavsson:
“The first quarter of 2026 marks a solid start to our first full year as a standalone company.
Our orders received totalled EUR 252.3 million, representing a 7% decrease compared to the first quarter of the previous year. The decline was driven by the Merchant division, where orders fell by 24%, largely due to an exceptionally high level of Pure Car and Truck Carrier (PCTC) contracting in the prior-year period. Excluding this one-off peak, order intake remained at a solid level, supported by continued strong demand for solutions for container, cruise, and general cargo vessels. Our order backlog remains robust, providing good visibility ahead.
Sales increased by 6% to EUR 230.7 million, driven by the Merchant division, where we had a high level of completed projects during the quarter. Adjusted EBIT increased by 30% to EUR 32.1 million, corresponding to a margin of 13.9%. The improvement was driven by higher sales, active cost management, disciplined project execution and continued progress in implementing our Full Ahead strategy.
We began 2026 with positive momentum and a clear commitment to executing our Full Ahead strategy, and we will maintain this focus and energy throughout the year.”
Source: MacGregor
