The industrial company NFO Drives reports lower net sales in the first quarter compared with the same period a year earlier. The operating loss increased.Net sales fell to SEK 3.3 million (8.2)."As we have mentioned in previous reports, the decline is largely due to losing our former largest customer. Apart from this customer, net sales were largely in line with the corresponding period in 2025," the company writes.Gross profit was SEK 1.1 million (2.2).The operating result was SEK -1.1 million (-0.6). The decline is explained primarily by lower net sales but also by some minor one-off costs, for example double rent at the start of the quarter. Lower development expenses had the opposite effect.The result before and after tax was SEK -1.0 million (-1.0). Cash flow from operating activities amounted to SEK -1.1 million (-3.4). Cash and cash equivalents amounted to SEK 3.3 million (8.2)."The start of 2026 has been weak, which warrants a continued cautious stance. At the same time, customer response to the new products is very positive, which inspires confidence in the continued development – especially as we can now meet customers' full needs up to 18.5 kW," says CEO Johan Braun.NFO Drives, SEK mQ1-2026Q1-2025Net sales3.38.2Gross profit1.12.2Operating result-1.1-0.6Result before tax-1.0-1.0Net income-1.0-1.0Cash flow from operating activities-1.1-3.4Cash and cash equivalents3.38.2