Bahnhof
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Bahnhof (BAHN) investor relations material

Bahnhof Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary18 Aug, 2026

Executive summary

  • Revenue for H1 2026 increased by 7% year-over-year to 1,158.4 MSEK, with EBIT up 7% to 150.1 MSEK and net income at 117.9 MSEK, reflecting stable profitability amid growth initiatives.

  • The company maintains its full-year 2026 guidance of 2.4 billion SEK in revenue and an EBIT margin above 12%.

  • Growth is driven by both corporate and private markets, with significant expansion in Nordeuropa, especially Norway and Finland.

  • Major investments continue in network upgrades and the new Bahnhof Bunker datacenter, with first customers expected in Q1 2027.

  • Telenor has made a bid to acquire a majority stake, pending regulatory approval.

Financial highlights

  • EBITDA for H1 2026 was 182.0 MSEK, up from 167.9 MSEK year-over-year.

  • Net margin was 13.1% (vs. 13.4% in H1 2025), and EBIT margin was 13.0%.

  • Cash flow for H1 2026 was -87.9 MSEK, impacted by a 215.1 MSEK dividend and 55.1 MSEK in investments.

  • Cash position at June 30, 2026, was 519.5 MSEK.

Outlook and guidance

  • Full-year 2026 revenue forecast remains at 2.4 billion SEK with EBIT margin above 12%.

  • Continued growth expected in both corporate and private segments, with international expansion as a key driver.

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Frequently asked questions

Bahnhof AB provides broadband, Internet, and datacenter services. It offers broadband services, including ADSL/VDSL services to private individuals and business customers; and e-mail addresses and Internet browser services. The company also provides colocation/housing services, including power supply, rack space, cooling and ventilation, connectivity, physical security guard service, monitoring, switchboard service with manned reception service, and cleaning services. Bahnhof AB was founded in 1994 and is based in Stockholm, Sweden.