Rejlers (REJL-B) investor relations material

Executive summary

• Net sales for Q2 2026 reached SEK 1,313.6 million, up 9.4% year-over-year, with organic growth of 1.5% and strong performance in Sweden; three acquisitions completed in the first half.

• EBITA for Q2 2026 was SEK 82.1 million, with a margin of 6.3%, impacted by SEK 6 million in extraordinary recruitment costs and project Norrsken.

• Net profit after tax for Q2 was SEK 34.6 million, down from SEK 39.2 million a year earlier.

• The company continues its transformation with a sustainable business strategy targeting 2030.

• Growth was driven by acquisitions and strong organic performance in Sweden, offset by challenges in the Middle East.

Financial highlights

• Q2 2026 net sales: SEK 1,313.6 million (up from 1,200.4), EBITA: SEK 82.1 million (81.6), EBITA margin: 6.3% (6.8%).

• H1 2026 net sales: SEK 2,555.2 million (up from 2,401.7), EBITA: SEK 173.4 million (184.1), EBITA margin: 6.8% (7.7%).

• Earnings per share before dilution for Q2: SEK 1.21 (1.74); H1: SEK 3.41 (4.63).

• Cash flow from operating activities for H1: SEK 134.6 million, down from SEK 172.0 million.

• EBITA for H1 negatively impacted by SEK 18 million in recruitment costs; operating profit (EBIT) for H1 was SEK 123.7 million, affected by SEK 9.5 million in acquisition expenses.

Outlook and guidance

• Sustainable business strategy aims for 2030, focusing on energy transition, industry transformation, and future-proofing communities.

• Management expects stable and profitable long-term business from northern Sweden expansion, with financial targets anticipated to be met from Q1 2027.

• Increased industrial tender activity and recovering construction/real estate markets support cautious optimism for H2 2026.

• Geopolitical risks, especially in the Middle East, remain a key uncertainty.