Informes trimestrales y anuales del Grupo Drillcon

INFORME TRIMESTRAL DRILLCON Q1

Strong Starting Point but an Unexpected Challenge Early in the Year
We entered 2026 with a solid fourth quarter behind us and a record-high order backlog, providing a strong foundation for a year marked by high activity, increased volumes, and continued profitability improvements. During the quarter, we also signed a four-year framework agreement worth approximately SEK 400 million with a customer, further reinforcing our position as a reliable strategic partner within the mining segment.

Toward the end of the quarter, we were affected by a significant seismic event at one of our major customers in the Nordics. The customer invoked force majeure and initiated an immediate production shutdown, resulting in all nine drill rigs being temporarily taken out of operation. Through structured collaboration with labor unions, employees, customers, and suppliers, we have successfully mitigated the financial impact on the company. However, the unexpected stop led to lower revenue in the first quarter than I had anticipated. Our dialogue with the customer remains close and constructive, and our assessment is that production will gradually restart during the second quarter. The restart is expected to occur at a lower volume than planned, which will have a negative impact on revenue and earnings in the second quarter, despite the redeployment of affected personnel to other projects.

Continued Expansion Across Europe
We continue to take concrete steps in executing our European growth strategy. During the quarter, we secured our first order in the Central Europe segment, valued at approximately SEK 12 million. The drill rig and crew have now been mobilized to a site in Belgium, where production will commence at the beginning of the second quarter. This marks an important milestone and the start of our presence in a strategically attractive region with strong potential for further expansion over time.

Market Outlook – Short Term
Underlying market conditions remain strong and structurally sound. We continue to see solid investment appetite within the mining industry, driven by both expansion and replacement investments. Metal and mineral price levels are expected to remain at attractive levels, further supporting activity in the mining segment. For Drillcon, this translates into a market with continued investment momentum, in which we are well-positioned to deliver growth and strengthen profitability.

Patrik Rylander - CEO