From transformation to growth: Svea Solar strengthens results and looks ahead

In 2025, the group's operating result improved by nearly SEK 180 million compared to the previous year. This trajectory has continued into 2026, with the operating result for the first five months improving by a further SEK 70 million compared to the same period last year.

"The measures we took in 2025 are paying off. Our operations are more efficient, cash flow is stronger, and our market share has grown significantly. We're tracking ahead of budget for 2026 — and we're determined to become the obvious choice for households across Europe,” says Mattias Ringqvist, CEO of Svea Solar.

Sweden leads the way

Swedish operations, which account for approximately 77 percent of Group revenue, are the primary driver of the improved results. Progress has been driven by lower costs, more efficient sales processes, improved procurement, and a more focused product portfolio.

In the first five months of 2026, momentum has accelerated further — driven by the acquisition of strategic assets from Soldags and Sesol, refinancing of the leasing portfolio, and divestment of the majority of shares in the solar park operations, Svea Utility Holding.

Together, these initiatives have strengthened cash flow and the balance sheet and consolidated the company's leading position in the Swedish market.

"2025 was about making tough but necessary calls — and they've paid off. We're now in a stronger position to invest in growth and innovation, while continuing to help European households reduce their energy costs. We are only getting started," says Mattias Ringqvist.

Growth opportunities across multiple markets

Svea Solar sees continued strong growth opportunities across Europe. The German and Italian operations have in 2026 grown sales by 30 and 50 percent respectively compared to the same period last year — despite a challenging market environment.

Key highlights:

• In 2025, the Group delivered an improvement in results of approximately SEK 180 million compared to 2024.
• In the first five months of 2026, the operating result improved by a further SEK 70 million compared to the same period last year.
• The Swedish operations have delivered a positive EBITDA monthly since March 2026.
• The German and Italian operations have in 2026 grown sales by 30 and 50 percent, respectively compared to the same period last year.
• Three major events in 2026 have strengthened cash flow and the balance sheet of the Swedish operations:
  • The group has successfully refinanced its leasing portfolio.
  • Two asset acquisitions in 2026 have strengthened the Swedish market position.
  • The group has divested the majority of its shares in the solar park operations, Svea Utility Holding.