FM Mattsson Group, the Swedish taps and bathroom products manufacturer listed on Nasdaq Stockholm, has reported a significant uplift in net sales for the second quarter of its financial year, driven by the acquisition of Bristan Group Limited, the United Kingdom's largest supplier of taps and showers. Net sales for April to September 2026 reached 647.8 MSEK, up 44.8% from 447.5 MSEK in the equivalent period of 2025, with organic growth of 9.9%. The acquisition, completed on 28 July 2026, adds meaningful scale to the group's commercial platform, though one-off costs have weighed on reported profitability in the near term.

Key Points

  • FM Mattsson Group AB (0ROO), listed on Nasdaq Stockholm, operates across Sweden, the UK, Benelux, the Nordic region and beyond.
  • The group acquired 100% of Bristan Group Limited on 28 July 2026, adding the UK's largest tap and shower supplier to its portfolio.
  • April–September 2026 net sales reached 647.8 MSEK; adjusted EBITA margin was 12.3%, up from 10.0% a year earlier.
  • Investors will be watching the progress of Bristan's efficiency programme, expected to deliver approximately 18 MSEK in annual cost savings.

Bristan Acquisition Drives 44.8% Net Sales Growth for April–September 2026

FM Mattsson Group recorded net sales of 647.8 MSEK for April to September 2026, compared with 447.5 MSEK in the same period of 2025. Bristan, acquired on 28 July, contributed 153.1 MSEK to net sales during the period. Adjusted EBITA reached 79.8 MSEK against 44.5 MSEK a year earlier, delivering an adjusted EBITA margin of 12.3%, up from 10.0%. Reported EBITA was 52.5 MSEK after items affecting comparability of 27.3 MSEK, comprising 15.1 MSEK in acquisition-related costs and 12.2 MSEK tied to Bristan's new efficiency improvement programme initiated in September.

January–September 2026 Nine-Month Results Show 18.5% Revenue Growth and Improved Underlying Margins

For the nine months to September 2026, the group's net sales rose 18.5% to 1,747.4 MSEK from 1,474.6 MSEK. Organic growth for the full nine-month period stood at 9.3%. Adjusted EBITA for January to September 2026 amounted to 238.2 MSEK, delivering an adjusted EBITA margin of 13.6%, compared with 10.3% in the prior-year period. Earnings per share for the nine-month period were 2.89 SEK, up from 2.39 SEK. Cash flow after investing activities was -525.6 MSEK, reflecting the significant capital deployed for the Bristan acquisition, against a positive 116.6 MSEK in the comparable period.

Bristan Efficiency Programme Targets 18 MSEK Annual Savings Through Workforce Reduction

FM Mattsson Group disclosed that Bristan has initiated an efficiency improvement programme involving a reduction of approximately 30 employees. The programme is expected to generate annual cost savings of approximately 18 MSEK. The announcement states that integration is progressing to plan, with structured knowledge exchange under way and opportunities identified in strategic sourcing and product portfolio development. The group noted that external disruptions are increasing purchasing costs, and that it is responding through strategic purchasing, product mix management, and price adjustments aligned with cost developments.

Nordic Strength and UK Recovery Potential Underpin FM Mattsson's Broader Growth Platform

The group's brands — FM Mattsson, Mora Armatur, Damixa, Bristan, Hotbath and Aqualla — now serve markets across Sweden, Norway, Denmark, Finland, the UK, Benelux, Germany and Italy. The company disclosed that following the Bristan acquisition, the group generates annual sales of approximately 2.8 billion SEK and employs around 800 people. The Nordic region delivered particularly strong performance in the period, supported by activity in the professional renovation, repair and maintenance market. The UK new-build and private renovation markets remain challenging, though the company indicated Bristan is positioned to benefit when demand recovers.