Fagerhult AB
F:2F0
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Fagerhult AB
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Oil States International Inc
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Fagerhult AB
Fagerhult AB makes professional lighting products and systems for buildings and public spaces. It designs and sells lamps, luminaires, controls, and related services that help customers light offices, schools, hospitals, retail spaces, streets, and other commercial environments. The company focuses on lighting that improves energy use, comfort, and working conditions. Its customers are mainly property owners, contractors, architects, and lighting installers who specify or buy lighting for new construction and renovation projects. Fagerhult earns money by selling its lighting equipment through its own brands and distribution channels, and by providing project support, system design, and technical advice around those products. What makes the business different is that lighting is not just a commodity fixture for Fagerhult. It sells complete lighting systems that are often chosen early in a building project, which ties the company closely to how a space is designed and used. That gives it a role as a specialist supplier in the building and facilities value chain, where product quality, design, and energy performance matter.
Fagerhult AB makes professional lighting products and systems for buildings and public spaces. It designs and sells lamps, luminaires, controls, and related services that help customers light offices, schools, hospitals, retail spaces, streets, and other commercial environments. The company focuses on lighting that improves energy use, comfort, and working conditions.
Its customers are mainly property owners, contractors, architects, and lighting installers who specify or buy lighting for new construction and renovation projects. Fagerhult earns money by selling its lighting equipment through its own brands and distribution channels, and by providing project support, system design, and technical advice around those products.
What makes the business different is that lighting is not just a commodity fixture for Fagerhult. It sells complete lighting systems that are often chosen early in a building project, which ties the company closely to how a space is designed and used. That gives it a role as a specialist supplier in the building and facilities value chain, where product quality, design, and energy performance matter.
Weak quarter: Fagerhult said Q1 came in below expectations, hit by weak construction markets, geopolitical uncertainty, a stronger Swedish krona and an unfavorable sales mix.
Revenue and profit: Net sales fell 6.1% to SEK 1,821 million, EBITA before IAC dropped 72.9% to SEK 44 million, and EPS before IAC was negative SEK 0.16.
Orders and backlog: Order intake declined 14.6% to SEK 1,969 million, but backlog still rose to SEK 1,803 million, which management said supports underlying demand.
Segment mix: Collection and Premium were the main drags, while Professional was a bright spot thanks to acquisitions and stronger U.K. demand.
Strategic reset: Management said a strategic review for 2026-2029 has been accelerated, with more focus on cost control, simplification, and growth in areas like defense, infrastructure and data centers.
EPBD tailwind: Fagerhult highlighted the EU buildings directive as a major long-term driver for renovation demand and said its wireless and smart lighting offering is well positioned.
Cash flow and financing: Operating cash flow was negative SEK 160 million, mainly because of weak earnings and working capital build, but management said lender agreements are now in place after covenant pressure.
