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Novedo (NOVEDO) investor relations material
Novedo Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales grew 18.0% in Q2 2026 year-over-year to SEK 894 million, with organic growth of 10.8% for comparable units.
EBITA for Q2 was SEK 70 million (margin 7.8%), and EBIT was SEK 54 million.
For H1 2026, net sales rose 10.7% to SEK 1,558 million, with organic growth of 4.4%.
Profitability was impacted by harsh winter conditions and one-off project write-downs totaling SEK -35 million.
The order book at period-end was significantly higher than the previous year, positioning the group well for the second half.
Financial highlights
Q2 2026 EBITDA: SEK 98 million (margin 11.0%); EBITA: SEK 70 million (margin 7.8%).
H1 2026 EBITDA: SEK 123 million; EBITA: SEK 70 million (margin 4.5%).
Cash flow from operating activities in Q2: SEK 10 million; H1: SEK -2 million, affected by seasonal factors and tax adjustments.
Earnings per share for H1: SEK -8.33 (before/after dilution).
Equity/assets ratio at -5.2% as of June 30, 2026.
Outlook and guidance
Gradual improvement in demand and market activity expected to continue through 2026.
Pricing and profitability in Installation & Services and Infrastructure segments are anticipated to improve as the market recovers.
Growth supported by infrastructure investment, stabilizing housing construction, and modernization needs.
- Strong sales and EBITA growth, led by Infrastructure, with major financing actions ahead.NOVEDO
Q2 202423 Jul 2026 - Strong sales and margin growth, robust cash flow, and major refinancing amid market uncertainty.NOVEDO
Q3 202423 Jul 2026 - Strong sales growth and stable margins driven by infrastructure, with robust refinancing and acquisitions.NOVEDO
Q4 202423 Jul 2026 - Q1 2025 saw lower sales and margins but stronger cash flow and improved net debt/EBITDA.NOVEDO
Q1 202523 Jul 2026 - H1 2025 saw lower sales and earnings amid market caution, but strategic moves support future growth.NOVEDO
Q2 202523 Jul 2026 - Q3 saw margin improvement despite lower sales, with acquisitions supporting future growth.NOVEDO
Q3 202523 Jul 2026 - Net sales fell 2.8% and EBITA margin dropped to 7.6%, but order intake and cash flow improved.NOVEDO
Q4 202523 Jul 2026 - Winter disruptions and one-offs drove weak Q1 earnings despite modest sales growth.NOVEDO
Q1 202623 Jul 2026
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