During the first quarter, Avonova reported total operating income of SEK 475 million, compared with SEK 467 million in the corresponding period last year, corresponding to revenue growth of 2%. Management adjusted EBITDA increased to SEK 53 million from SEK 47 million, and the adjusted EBITDA margin improved to 11% from 10%.

Cash flow from operating activities strengthened significantly to SEK 79 million, compared with SEK 9 million in Q1 2025, supported by improved operating performance and a positive working capital contribution. Cash and cash equivalents amounted to SEK 171 million at the end of March 2026.

The Group remained in compliance with its bond covenants as of 31 March 2026. Liquidity amounted to SEK 221 million, compared with the covenant requirement of at least SEK 50 million, and leverage was 3.2x, compared with the covenant threshold of below 5.0x.

During the quarter, Avonova completed the acquisitions of BHT Bergen and Hemis, strengthening the Group’s position in Norway and supporting further customer growth for its subscription-based digital offering, Avonova Assist. The Group also completed a Sweden-focused operational improvement project aimed at standardising processes, improving booking quality and strengthening intervention scheduling and customer onboarding across the Health organisation.

The interim report is available on Avonova’s website: www.avonova.com