Interim Report first quarter 2026

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).

Comments from the CEO

We begin the year with a fantastic quarter.
The highlight is a level of profitability that clearly indicates the potential we have been working towards. Revenue growth is somewhat higher than installation growth, mainly as a result of increased inventory levels among wholesalers, but the underlying demand and installation pace remain very high.

The improved profitability is largely driven by a strong gross margin. As we have previously communicated, the margin is affected by several factors. We are now seeing clear effects of the measures we have implemented, where optimizations of our most installed product, the downlight DWN-01, as well as an increased share of in-house production in our own factory, are the primary ones. High foreign exchange gains have also contributed to an improved operating profit during the quarter.

At the end of the quarter, we launched our new LED panel, LPN-01, our first luminaire aimed exclusively at commercial installations. We look forward to commencing deliveries; a ramp-up of production capacity will take place during the second quarter, and given a successful reception, we see potential for a clear contribution to earnings during the second half of 2026.

We continue to strengthen our position in the Nordic market and also see good opportunities to take further steps in our European expansion going forward.

During the past year, we have carried out preparatory work ahead of the planned uplisting to the main market, which was scheduled for the end of 2026. Given the strong growth in the business, we have chosen to prioritize operational execution and have therefore adjusted the timeline. We now plan for a listing during the second half of 2027.

I would like to thank the team for a fantastic quarter and look forward to a continued exciting year, with a focus on organic growth and strong profitability.

Babak Esfahani

CEO of Plejd AB

For further information

Phone: +46 (0) 10 207 89 01

E-mail: investor@plejd.com

About the company

Plejd is a leading Nordic supplier of smart lighting and other smart products. By focusing on the user experience, Plejd makes smart solutions easy and available to everyone.