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Norden Estates
Norden Estates (NORDEN) investor relations material
Norden Estates Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary3 Sep, 2026
Executive summary
Revenue for H1 2026 reached 24.5 MSEK, up 227% year-over-year, driven by increased project and contracting activity.
Operating result for H1 was -2.2 MSEK and net result after tax was -2.5 MSEK, reflecting ongoing investments in operational structure.
Major project execution included the start of a depot station in Karlskrona valued at 13.9 MSEK.
A directed share issue through debt conversion of 1.26 MSEK reduced debt and strengthened equity.
Focus remains on project delivery, cost control, and converting customer dialogues into new business.
Financial highlights
Q2 2026 revenue was 13.7 MSEK, up 218% from Q2 2025.
Q2 operating result was -1.3 MSEK (Q2 2025: -1.0 MSEK); net result after tax was -1.5 MSEK.
H1 2026 revenue was 24.5 MSEK (H1 2025: 7.5 MSEK); operating result -2.2 MSEK (H1 2025: -2.1 MSEK); net result after tax -2.5 MSEK.
Cash flow for Q2 was 1.8 MSEK, mainly from changes in working capital.
No material investments were made during the quarter.
Outlook and guidance
Continued focus on quality project execution, profitability, and converting customer interest into contracts.
Market interest in energy performance and long-term operational economy is increasing.
Several projects are ongoing, with additional potential projects under discussion.
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Latest events from Norden Estates
- Revenue up 238% year-over-year, with improved results and strong project pipeline.NORDEN
Q1 2026 - Revenue up to 14.9 MSEK, net loss -7.6 MSEK; targeting profitability in 2026.NORDENQ4 2025
- Net sales reached SEK 10.2 million with a net loss of SEK 5.8 million and a robust project pipeline.NORDENQ3 2025
- Large net loss from subsidiary write-down; rights issue and merger talks to boost capital.NORDENQ4 2023
- Significant loss from project write-downs, merger, and stock market listing preparations underway.NORDENQ4 2024
- Strong sales growth and strategic expansion set the stage for future profitability.NORDENQ1 2025
- H1 2025 saw strong project growth, strategic investments, and a SEK 42M project pipeline.NORDENQ2 2025
Next Norden Estates earnings date
Q3 202627 Nov, 2026
Norden Estates
Next Norden Estates earnings date
Q3 202627 Nov, 2026
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