Published: 6/1/2026 6:17:00 AM

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Finwire about Suntrade Group AB: Suntrade reports operating loss

Suntrade, which focuses on solar energy and battery systems, reports an operating loss for the first quarter. There are no comparative figures since the company has moved from a broken fiscal year to a calendar year.Net sales amounted to SEK 1.6 million.EBITDA was SEK -1.1 million.Operating profit amounted to SEK -1.5 million (-1.1), while profit before tax was SEK -1.5 million.During the quarter, the company completed installations in Tanumshed and Marmaverken and carried out a transaction involving a battery storage project in Finland that generated approximately SEK 2 million in revenue. After the end of the period, it was announced that China Gas had chosen Suntrade as a strategic partner for Nordic expansion.CEO Daniel Hedström says that the company is now moving from validating the business model to increased execution, with a focus on more transactions, operational facilities and a growing project portfolio with predictable revenue streams."We are entering the rest of 2026 with a stronger market position than ever before. Our pipeline is growing. Several projects are approaching realization. The Finnish expansion is taking shape. The Swedish portfolio is shifting from development to operations and cash flow", says Hedström.Suntrade, SEK millionQ1 2026Revenue1.6EBITDA-1.1Operating profit-1.5Profit before tax-1.5Earnings per share-0.001

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