WS WeSports Group: Interim Report January – March 2026
12 maj, 08:00
JANUARY – MARCH 2026
- Net sales increased by 51.8 percent to SEK 960.5 million (632.9). Organic currency-adjusted growth amounted to 14.7 percent.
- Adjusted gross profit amounted to SEK 341.8 million (218.1), corresponding to an adjusted gross margin of 35.6 percent (34.5).
- Adjusted EBITA increased by SEK 18.8 million to SEK 38.4 million (19.6) and adjusted EBITA margin amounted to 4.0 percent (3.1).
- Profit for the period amounted to SEK 7.8 million (4.3).
- Cash flow from operating activities amounted to SEK -11.9 million (-65.3). Cash conversion amounted to -68.3 percent (-352.7) of adjusted EBITDAaL.
- Earnings per share before dilution amounted to SEK 0.28 (0.27).
- Net cash of SEK 11.9 million at period end.
COMMENT FROM THE CEO
“2026 starts off with a record-breaking first quarter – over 50 percent growth, continued strong improvement in profitability and nearly 15 percent organic growth…
… We remain committed to driving our strategy with a focus on profitable growth, while currently maintaining a strong financial position with net cash. In addition, we continue to see a sports and health trend that remains strong. Together, this lays the foundation for reaching our financial targets – net sales of SEK 10 billion in 2031 and an adjusted EBITA margin of 7-8 percent,” says Ted Sporre, CEO of WS WeSports Group.
SIGNIFICANT EVENTS DURING THE QUARTER AND AFTER THE END OF THE PERIOD
- During the quarter, WeSports Group acquired shares and obtained a controlling influence over NG Partners AB which operates e-commerce and retail stores within golf, Renew Group Sweden AB which owns and operates the floorball brands Unihoc and Zone, and Greenspire Invest AS which operates bicycle stores in Oslo under the Birk Sport brand.
- Since the end of the quarter, the Company has increased its ownership stakes by acquiring the remaining shares in Bikelease Sweden AB in which the ownership stake has increased from 60 to 100 percent, and in Skicom Sweden AB (Bromma Skidsport and Udens Sport) in which it has increased from 51 to 80 percent.
- Since the end of the quarter, Vartex AB has acquired the racket sport specialist TennisShopen Scandinavia AB, which will be integrated with WeSports Group’s specialist retailers within racket sports. During 2025, the company generated sales of around SEK 15 million.
CONFERENCE CALL IN CONNECTION WITH PUBLICATION OF THE INTERIM REPORT
In connection with the publishing, the Company invites to a webcast presentation with a conference call, held at 09:00 CEST.
The presentation will be held in English by Ted Sporre, CEO, and Tim Holmlund Meier, CFO – with Niklas Hammar, Co-founder and COO, joining for the Q&A.
To follow the webcast, access this link:
https://events.inderes.com/wesports-group/q1-report-2026
To participate via teleconference, please register via this link:
https://events.inderes.com/wesports-group/q1-report-2026/dial-in
After registration, you will be provided with telephone numbers and a conference ID to access the conference. You can ask questions verbally via the telephone conference.
The report and presentation will be available on WS WeSports Group’s website: www.wesportsgroup.com
CONTACT
Ted Sporre
CEO, WS WeSports Group AB
+46 737 09 23 88
ted.sporre@wesportsgroup.com
ABOUT WS WESPORTS GROUP
WS WeSports Group is a Nordic sports equipment specialist group. We hold leading market positions in the most attractive sports categories, such as cycling, fitness, running, hockey, floorball, skiing, outdoor, and golf. WS WeSports Group targets elite athletes and active individuals through online- and physical stores, while distributing own- and external brands. We acquire and develop specialist companies, allowing them to operate independently, within a decentralized structure, and take advantage of shared infrastructure and strategic support. FNCA Sweden AB is the Company's Certified Adviser on Nasdaq First North Premier Growth Market.
Read more about WS WeSports Group: www.wesportsgroup.com
This information is information that WS Wesports Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-05-12 08:00 CEST.
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WS WeSports Group - Interim report Q1 2026
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WS WeSports Group: Interim Report January – March 2026
12 maj, 08:00
JANUARY – MARCH 2026
- Net sales increased by 51.8 percent to SEK 960.5 million (632.9). Organic currency-adjusted growth amounted to 14.7 percent.
- Adjusted gross profit amounted to SEK 341.8 million (218.1), corresponding to an adjusted gross margin of 35.6 percent (34.5).
- Adjusted EBITA increased by SEK 18.8 million to SEK 38.4 million (19.6) and adjusted EBITA margin amounted to 4.0 percent (3.1).
- Profit for the period amounted to SEK 7.8 million (4.3).
- Cash flow from operating activities amounted to SEK -11.9 million (-65.3). Cash conversion amounted to -68.3 percent (-352.7) of adjusted EBITDAaL.
- Earnings per share before dilution amounted to SEK 0.28 (0.27).
- Net cash of SEK 11.9 million at period end.
COMMENT FROM THE CEO
“2026 starts off with a record-breaking first quarter – over 50 percent growth, continued strong improvement in profitability and nearly 15 percent organic growth…
… We remain committed to driving our strategy with a focus on profitable growth, while currently maintaining a strong financial position with net cash. In addition, we continue to see a sports and health trend that remains strong. Together, this lays the foundation for reaching our financial targets – net sales of SEK 10 billion in 2031 and an adjusted EBITA margin of 7-8 percent,” says Ted Sporre, CEO of WS WeSports Group.
SIGNIFICANT EVENTS DURING THE QUARTER AND AFTER THE END OF THE PERIOD
- During the quarter, WeSports Group acquired shares and obtained a controlling influence over NG Partners AB which operates e-commerce and retail stores within golf, Renew Group Sweden AB which owns and operates the floorball brands Unihoc and Zone, and Greenspire Invest AS which operates bicycle stores in Oslo under the Birk Sport brand.
- Since the end of the quarter, the Company has increased its ownership stakes by acquiring the remaining shares in Bikelease Sweden AB in which the ownership stake has increased from 60 to 100 percent, and in Skicom Sweden AB (Bromma Skidsport and Udens Sport) in which it has increased from 51 to 80 percent.
- Since the end of the quarter, Vartex AB has acquired the racket sport specialist TennisShopen Scandinavia AB, which will be integrated with WeSports Group’s specialist retailers within racket sports. During 2025, the company generated sales of around SEK 15 million.
CONFERENCE CALL IN CONNECTION WITH PUBLICATION OF THE INTERIM REPORT
In connection with the publishing, the Company invites to a webcast presentation with a conference call, held at 09:00 CEST.
The presentation will be held in English by Ted Sporre, CEO, and Tim Holmlund Meier, CFO – with Niklas Hammar, Co-founder and COO, joining for the Q&A.
To follow the webcast, access this link:
https://events.inderes.com/wesports-group/q1-report-2026
To participate via teleconference, please register via this link:
https://events.inderes.com/wesports-group/q1-report-2026/dial-in
After registration, you will be provided with telephone numbers and a conference ID to access the conference. You can ask questions verbally via the telephone conference.
The report and presentation will be available on WS WeSports Group’s website: www.wesportsgroup.com
CONTACT
Ted Sporre
CEO, WS WeSports Group AB
+46 737 09 23 88
ted.sporre@wesportsgroup.com
ABOUT WS WESPORTS GROUP
WS WeSports Group is a Nordic sports equipment specialist group. We hold leading market positions in the most attractive sports categories, such as cycling, fitness, running, hockey, floorball, skiing, outdoor, and golf. WS WeSports Group targets elite athletes and active individuals through online- and physical stores, while distributing own- and external brands. We acquire and develop specialist companies, allowing them to operate independently, within a decentralized structure, and take advantage of shared infrastructure and strategic support. FNCA Sweden AB is the Company's Certified Adviser on Nasdaq First North Premier Growth Market.
Read more about WS WeSports Group: www.wesportsgroup.com
This information is information that WS Wesports Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-05-12 08:00 CEST.
Attachments
WS WeSports Group - Interim report Q1 2026
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