Serstech

Serstech (SERT) investor relations material

Serstech Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.

Q2 2026 earnings summary15 Jul, 2026

Executive summary

Net sales for Q2 2026 reached KSEK 9,658, more than doubling year-over-year, reflecting commercial progress despite a cautious market environment.
The opportunity pipeline is growing in both value and quality, with several multi-year customer projects nearing completion and expected to generate orders within 12 months.
AI-driven improvements in product performance and development efficiency have strengthened competitiveness and reduced the need for R&D expansion.
Operational readiness is improving, with inventory levels expected to support future demand and no significant component shortages anticipated.

Financial highlights

Q2 2026 net sales: KSEK 9,658 (Q2 2025: 4,563); H1 2026 net sales: KSEK 16,184 (H1 2025: 24,455).
Q2 2026 EBITDA: KSEK -2,426 (Q2 2025: -9,041); EBIT: KSEK -5,275 (Q2 2025: -11,158).
H1 2026 EBITDA: KSEK -6,704 (H1 2025: -8,370); EBIT: KSEK -11,790 (H1 2025: -12,495).
Q2 2026 earnings per share: SEK -0.02 (Q2 2025: -0.04); H1 2026: SEK -0.05 (H1 2025: -0.05).
Cash flow from operating activities in Q2 2026: KSEK -4,529 (Q2 2025: -11,631); H1 2026: KSEK -11,548 (H1 2025: -14,772).

Outlook and guidance

Management expects several strategic projects to result in orders within the next 12 months, with some anticipated before year-end.
AI integration is expected to continue driving efficiency and product performance, with future recruitment focused on production rather than R&D.
Inventory levels are being built up to SEK 40 million in sales value by September to support anticipated demand.
No significant impact from tariffs or geopolitical factors is expected in the coming quarters barring new major events.

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