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Ortelius International
Ortelius International (ORTIN) investor relations material
Ortelius International Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary26 Aug, 2026
Executive summary
Net sales for Jan–Jun 2026 were SEK 26.4 million, down 9% year-over-year, with Q2 sales at SEK 10.7 million, an 18% decrease from the prior year.
EBITDA for Jan–Jun 2026 was SEK -12.2 million, compared to SEK -0.7 million last year; Q2 EBITDA was SEK -6.8 million.
Operating profit for Jan–Jun 2026 was SEK -19.9 million, with Q2 at SEK -10.7 million, reflecting lower sales and higher costs.
Early project terminations, delayed project starts, and weaker sales significantly impacted results.
Major cost reductions and organizational restructuring were implemented, reducing headcount from 48 to 34.
Financial highlights
Net sales: SEK 26.4 million for Jan–Jun 2026 (SEK 28.1 million in 2025); SEK 10.7 million for Q2 2026 (SEK 13.0 million in 2025).
EBITDA: SEK -12.2 million for Jan–Jun 2026 (SEK -0.7 million in 2025); SEK -6.8 million for Q2 2026 (SEK -1.5 million in 2025).
Operating profit: SEK -19.9 million for Jan–Jun 2026 (SEK -4.8 million in 2025); SEK -10.7 million for Q2 2026 (SEK -3.5 million in 2025).
Profit for the period: SEK -24.5 million for Jan–Jun 2026 (SEK -5.5 million in 2025); SEK -14.0 million for Q2 2026 (SEK -3.6 million in 2025).
Earnings per share: SEK -0.3 for Jan–Jun 2026 (SEK -14.5 in 2025); SEK -0.2 for Q2 2026 (SEK -9.3 in 2025).
Outlook and guidance
Cost reductions and restructuring are expected to positively impact cash flow and profitability from Q3 2026 onward.
Management expects gradual improvement, with focus on winning new customers and expanding within existing accounts.
Activities related to a key automotive sector agreement are anticipated to begin late 2026 or early 2027.
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Latest events from Ortelius International
- Delayed projects and higher costs led to a negative Q1 result despite modest sales growth.ORTIN
Q1 2026 - Transition year with higher sales, major acquisitions, and non-recurring costs leading to a net loss.ORTINQ4 2025
- Significant revenue decline, net loss, and strategic pivot to IT consulting after divestment.ORTINQ2 2025
- Q3 sales rose, but margins and liquidity declined; outlook for 2025 remains positive.ORTINQ3 2024
- Net income jumped on a one-time reversal, despite lower sales and margin in Q2 2024.ORTINQ2 2024
- Q1 2025 saw lower sales, ongoing losses, and a pending transformative acquisition.ORTINQ1 2025
- 2024 saw a return to profitability and revenue growth, but capital needs persist.ORTINQ4 2024
Next Ortelius International earnings date
Q3 202630 Nov, 2026
Ortelius International
Next Ortelius International earnings date
Q3 202630 Nov, 2026
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Frequently asked questions
Ortelius International (formerly ELLWEE AB) is a Swedish company that specializes in the development, manufacturing, and sale of high-tech electric vehicles. These vehicles, often referred to as multi-purpose vehicles, are designed to be versatile and customizable, catering to a variety of uses including urban mobility, outdoor activities, and commercial transportation. The company is headquartered in Trollhättan, Sweden, and its shares are listed on the Nasdaq Stockholm.