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Wed, May

MacGregor Sees Strong Year Despite Order Dip in First Quarter

MacGregor Sees Strong Year Despite Order Dip in First Quarter

MARINELOG
Macgregor has released its first quarter 2026 interim report indicating a strong start to 2026 with continued positive momentum, despite a dip in ordering.MacGregor CEO Jonas Gustavsson said: “The first quarter of

Macgregor has released its first quarter 2026 interim report indicating a strong start to 2026 with continued positive momentum, despite a dip in ordering.

MacGregor CEO Jonas Gustavsson said: “The first quarter of 2026 marks a solid start to our first full year as a standalone company.

“Our orders received totalled EUR 252.3 million ($294 million), representing a 7% decrease compared to the first quarter of the previous year. The decline was driven by the Merchant division, where orders fell by 24%, largely due to an exceptionally high level of pure car and truck carrier (PCTC) contracting in the prior-year period.

“Excluding this one-off peak, order intake remained at a solid level, supported by continued strong demand for solutions for container, cruise, and general cargo vessels. Our order backlog remains robust, providing good visibility ahead.

“Sales increased by 6% to EUR 230.7 million, driven by the Merchant division, where we had a high level of completed projects during the quarter. Adjusted EBIT increased by 30% to EUR 32.1 million, corresponding to a margin of 13.9%. The improvement was driven by higher sales, active cost management, disciplined project execution and continued progress in implementing our Full Ahead strategy.

“We began 2026

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