GRK Infra
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GRK Infra (GRK) investor relations material

GRK Infra 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 summary28 Jul, 2026

Executive summary

  • Record-high order backlog of €1,170 million at June 30, 2026, driven by strong tendering and the KSBR acquisition.

  • Profitability improved significantly, with adjusted EBIT margin rising to 9.5% from 6.2% year-over-year, despite a 20.8% revenue decline.

  • Strategic acquisition of KSBR completed on June 30, 2026, expanding capabilities in industrial and energy construction and strengthening private-sector exposure.

  • Positive market outlook across all operating countries, with strong demand in selected growth segments, especially in Sweden and energy/data center projects.

  • Careful project selection and efficient execution supported margin improvement.

Financial highlights

  • H1 2026 revenue: €322 million (down from €406.4 million in H1 2025).

  • H1 2026 adjusted EBIT: €30.5 million (up from €25.1 million in H1 2025).

  • EBITDA increased to €37.2 million (11.5% margin), up from €31.6 million (7.8% margin) year-over-year.

  • Net profit for the period was €24.8 million, up from €18.8 million.

  • Equity ratio: 53% at June 30, 2026 (up from 50.2% year-over-year).

Outlook and guidance

  • 2026 revenue guidance: €820–1,020 million (2025: €872.3 million).

  • 2026 adjusted operating profit guidance: €70–95 million (2025: €58.5 million).

  • Outlook supported by strong order backlog, new contracts, and KSBR’s continued growth and integration.

  • Long-term revenue target for 2028 raised to €950 million.

Strategic role of KSBR in private sector expansion
Impact of Stegra project volumes on Swedish revenue
Current status of the FCCA competition inquiry
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