BICO (Q1 review): Organic growth at no-growth multiples - Redeye
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BICO (Q1 review): Organic growth at no-growth multiples - Redeye

BICO delivered 11% organic growth in Q1 2026, although coming in slighty behind our estimates in absolute terms. The convertible bond was repaid in full and the company closed the quarter with net cash position of >SEK300m, removing the balance sheet overhang that has weighed on the investment case.

BICO delivered 11% organic growth in Q1 2026, although coming in slighty behind our estimates in absolute terms. The convertible bond was repaid in full and the company closed the quarter with net cash position of >SEK300m, removing the balance sheet overhang that has weighed on the investment case.
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