Alligo (ALLIGO) investor relations material

Executive summary

• Revenue grew by 5.7% in Q2 2026 to MSEK 2,611, driven by organic growth, acquisitions, FX effects, and an extra trading day.

• Adjusted EBITA increased by 30% to MSEK 187, with margin rising to 7.2% from 5.8%.

• Operating cash flow more than doubled to MSEK 338, supported by higher EBITA and lower working capital.

• Finland's recovery progressed with efficiency programs and cost savings, while two welding company acquisitions were integrated.

• Launched ReCare workwear service, now rolled out across the Nordics, strengthening recurring customer relationships.

Financial highlights

• Revenue up 5.7% year-over-year, with 1.3% organic and 1.4% acquisition-driven growth.

• Adjusted EBITA reached MSEK 187, margin at 7.2%; gross margin improved to 40.7%.

• Operating profit for Q2 was MSEK 158, with operating margin at 6.1%.

• Net debt to EBITA ratio improved to 2.1; equity/assets ratio at 46.5% (excl. IFRS 16).

• Operating cash flow increased, supported by higher EBITA and lower working capital.

Outlook and guidance

• Focus on broadening the customer base, cross-selling, and improving execution.

• Continued emphasis on cost and growth initiatives, especially in Norway.

• Market expected to remain stable but uneven; organic growth to be driven by market share gains.

• Financial target of 10% EBITA margin remains, with progress dependent on market recovery and volume growth.

• Ongoing efficiency measures in Finland and sales initiatives across all regions.