NFO Drives
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NFO Drives (NFO) investor relations material

NFO Drives 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 summary3 Jul, 2026

Executive summary

  • Net sales for H1 2026 declined to SEK 7.1 million from SEK 13.7 million year-over-year, mainly due to the loss of the largest customer.

  • EBIT improved to SEK -1.9 million from SEK -3.8 million year-over-year, as prior period included significant one-time costs.

  • Launch of a new 11 kW frequency converter completed the product range, enhancing competitiveness and market offering.

  • Production of key product lines now fully in-house, improving quality control.

Financial highlights

  • Q2 2026 net sales were SEK 3.8 million, down from SEK 5.5 million in Q2 2025.

  • Gross margin rose to 33.9% in Q2 2026 from 26.9% in Q2 2025, despite lower sales.

  • Result before tax for H1 2026 was SEK -1.8 million, an improvement from SEK -3.9 million year-over-year.

  • Cash flow for H1 2026 was SEK -2.5 million, compared to SEK -4.6 million in H1 2025.

  • Equity at June 30, 2026, was SEK 8.6 million.

Outlook and guidance

  • Management maintains a cautious outlook due to weak start of 2026 but is optimistic given positive customer response to new products.

  • Gross margin expected to strengthen further as older product models are phased out.

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