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Edge14 Aug 2026
Deutsche Qualität: The Story of Birkenstock
From an 18th-century German shoemaker to a global footwear brand, how Birkenstock turned an orthopedic insole into the world's most popular sandal.
Wall to Wall Group
Wall to Wall Group (WTW-A) investor relations material
Wall to Wall Group Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary21 Aug, 2026
Executive summary
Revenue/net sales stabilized in Q2 2026, ending a decline since 2023, with Water & Sewer improving and Energy underperforming expectations.
Profitability improvement remains below plan due to rising indirect costs, prompting further efficiency measures.
The market remains cautious with long decision cycles, but management expects increased net sales and improved operating margin for 2026.
Finland continues to underperform, with focus on efficiency and restructuring.
Financial highlights
Q2 2026 net sales were SEK 212.4m (212.6m in Q2 2025); gross margin stable at 32.0% (31.9%).
Adjusted EBITA margin for Q2 2026 was 4.6% (5.2% in Q2 2025); adjusted EBITA SEK 9.8m (11.1m in Q2 2025).
Net profit for Q2 was SEK -4.1m (-39.3m in Q2 2025); EPS was SEK -0.30 (-2.91).
Net debt at quarter-end was SEK 292.7m (244.2m at 2025 year-end); cash and available liquidity SEK 49.1m.
Indirect costs increased 4.6% year-over-year in Q2 2026, impacting profitability.
Outlook and guidance
Management expects higher net sales and improved operating margin for 2026, targeting a double-digit EBITA margin at a revenue level about 10% above 2025.
Focus remains on sales growth, operational improvements, and cost reduction.
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Latest events from Wall to Wall Group
- Profitability and margins improved in Q1 2026 as cost reductions offset lower sales.WTW-A
Q1 2026 - Net revenue dropped 10.7% and goodwill impairment led to a SEK -277.7m net loss.WTW-AQ4 2025
- Profitability improved with a higher EBITA margin, despite lower sales and ongoing efficiency gains.WTW-AQ3 2025
- Profitability improved on cost reductions, with margin gains and stable outlook despite lower sales.WTW-AQ2 2025
- Q3 net sales dropped 5.3%, but net earnings surged and profitability is set to improve.WTW-AQ3 2024
- Sales and margins declined in Q2, but order stock and market activity are rebounding.WTW-AQ2 2024
- Net sales fell 9.7% in Q1 2025, but stabilization and new contracts support a 2025 recovery.WTW-AQ1 2025
- Sales fell but margins and cash flow improved, with profit rebound expected in 2025.WTW-AQ4 2024
Next Wall to Wall Group earnings date
Q3 20266 Nov, 2026
Wall to Wall Group
Next Wall to Wall Group earnings date
Q3 20266 Nov, 2026
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