In the first quarter of 2026, the Group’s revenue reached EUR 13.5 million, representing an 8% increase compared to the corresponding period last year. Despite unusually cold weather conditions, the Group recorded stable 8% growth across its European markets in the first quarter, while revenue in the U.S. increased by 14%. Adjusted EBITDA reached EUR 3.8 million, which is 3% lower than in the corresponding period last year. The Group reported a loss of EUR 2.3 million in the first quarter, primarily driven by seasonally lower market activity at the beginning of the year and investments related to the Group’s U.S. expansion strategy as well as a significant increase in equipment depreciation and interest expenses.

Storent continued to execute its expansion strategy in the U.S. market, which involves additional near-term investments but is expected to support profit growth in the long term. In the first quarter of 2026, the Group continued investments in its rental fleet across Europe and the U.S, as well as in the development of Storent’s digital ecosystem. As of 1 April 2026, the 20-person digital team was integrated into the Storent Group from an outsourced structure, which will allow the Company to develop its digital ecosystem more efficiently and with greater agility going forward. The Company’s operating results are affected by seasonal fluctuations each year, with a significant increase in activity expected from the second quarter onwards.

Baiba Onkele
Member of the Management Board and Chief Financial Officer
AS Storent Europe
baiba.onkele@storent.com
www.storentholding.com