Bokusgruppen (BOKUS) investor relations material

Executive summary

• Net sales grew by 2.2% to 416.9 MSEK in Q2 2026, with increased investments in store networks and digital platforms.

• EBITA declined to -16.1 MSEK from -8.8 MSEK year-over-year, mainly due to higher fixed costs and lower gross margin.

• Akademibokhandeln performed well both in-store and online, while Bokus faced challenges post-launch of its new e-commerce site and lower online traffic.

• The quarter included strategic events such as new store openings, a new CEO, and a significant acquisition after the reporting period.

• Acquisition of Pen Store after the quarter end is expected to strengthen the product offering and future growth.

Financial highlights

• Q2 net sales: 416.9 MSEK (+2.2% YoY); H1 net sales: 919.1 MSEK (+0.6% YoY).

• Q2 EBITA: -16.1 MSEK (down from -8.8 MSEK YoY); H1 EBITA: -2.4 MSEK (down from 4.8 MSEK YoY).

• Q2 gross margin: 45.7% (down from 46.8% YoY); H1 gross margin: 44.6% (up from 44.4% YoY).

• Result after tax for Q2 was -26.3 MSEK, a decrease of 4.0 MSEK year-over-year.

• EPS before dilution: -1.62 SEK in Q2, -1.73 SEK in H1.

Outlook and guidance

• No direct impact yet from geopolitical tensions or economic uncertainty, but readiness to adapt remains.

• Continued investments in store network and digital platforms, but at a slower pace.

• Focus on organic growth, acquisitions, and initiatives to strengthen competitiveness and long-term value.

• Management expresses confidence in adapting to market changes and sees opportunities for further acquisitions.

• New Bokus e-commerce platform expected to improve traffic and customer experience over time.