(update in several parts at the end, including launch)The home automation company Plejd reports increased revenue in the first quarter compared with the same period a year earlier. Operating profit rose sharply.Revenue increased 39.7 percent to SEK 307.9 million (220.4)."We are starting the year with a fantastic quarter. The highlight is a profitability level that clearly indicates the potential we have been working toward. Revenue growth is slightly higher than installation growth, mainly due to increased inventory levels among wholesalers, but underlying demand and the installation rate remain very high," says CEO Babak Esfahani. "The improved profitability is largely driven by a strong gross margin. As we have previously communicated, the margin is affected by several factors. We now see clear effects from the measures we have implemented, where optimizations of our most installed product, the downlight DWN-01, and a higher share of in-house production in our own factory are the main ones. The high foreign exchange gains during the quarter have also contributed to an improved operating profit." Ebitda result was SEK 132.3 million (77.1), with an ebitda margin of 43.0 percent (35.0). Operating profit was SEK 106.8 million (57.1), with an operating margin of 34.7 percent (25.9). Profit after tax was SEK 83.9 million (56.8), an increase of 47.7 percent year-on-year. Earnings per share amounted to SEK 7.45 (4.02), which represents an increase of 85.3 percent year-on-year.Value growth in installations fell globally to 34.1 percent in the first quarter of 2026 from 45.5 percent in the previous quarter. The decline is visible across all main markets, particularly in Norway where growth fell to 51.2 percent from 70.7 percent. Sweden, Finland and the Netherlands also declined markedly. The metric reflects organic growth as it excludes inventory changes and is based on installed units multiplied by price.At the end of the quarter, Plejd moved ahead with a launch of a new LED panel. "At the end of the quarter we launched our new LED panel, LPN-01, our first luminaire aimed solely at commercial installations. We look forward to starting deliveries; a ramp-up of production capacity will take place during the second quarter, and given a successful reception we see potential for a clear contribution to earnings in the second half of 2026," says the Plejd CEO. He assesses that the company continues to strengthen its position in the Nordic market and also sees good opportunities to take further steps in the European expansion. "During the previous year we carried out preparatory work ahead of the planned list transfer to the main list that was scheduled for the end of 2026. Given the strong growth in the business, we have chosen to prioritize operational execution and have therefore adjusted the timetable. We are now planning for a listing in the second half of 2027," says Esfahani. Plejd, SEK mQ1-2026Q1-2025ChangeNet sales307.9220.439.7%Ebitda132.377.171.6%Ebitda margin43.0%35.0%Operating profit106.857.187.0%Operating margin34.7%25.9%Net income83.956.847.7%Earnings per share, SEK7.454.0285.3%