ADDvise Group (ADDV) Q2 2026 earnings summary

Executive summary

• Net revenue declined 6.1% year-over-year in Q2 2026, with organic revenue down 5.0% due to cautious capital equipment investments and geopolitical disruptions, especially in the Middle East.

• Order intake increased 0.6% in Q2 and 1.6% for H1 2026, with organic order growth of 7.4% year-to-date, supporting a positive outlook.

• Cash flow from operating activities improved significantly, up 158.5% in Q2 and 58.7% for H1 2026, driven by lower financing costs and better working capital.

• The group became a subsidiary of Amplex AB, resulting in delisting from Nasdaq and a change to a non-calendar financial year.

Financial highlights

• Q2 2026 net revenue: SEK 372.0 million (down 6.1% year-over-year); H1 2026: SEK 729.4 million (down 11.1%).

• Q2 EBITA: SEK 41.8 million (down 31.9%); EBITA margin 11.2% (down from 15.5%).

• Q2 operating profit (EBIT): SEK 9.1 million (down from SEK 50.2 million); H1 EBIT: SEK 48.1 million (down from SEK 119.5 million).

• Loss for Q2: SEK -14.0 million (improved from SEK -82.8 million); adjusted profit for Q2: SEK 8.8 million.

• Basic EPS for Q2: SEK -0.02; H1: SEK -0.01.

• Operating cash flow Q2: SEK 43.5 million (up from SEK 16.8 million); H1: SEK 84.7 million (up from SEK 53.4 million).

Outlook and guidance

• Stable order intake and strong organic order growth provide confidence for future periods.

• Management remains focused on profitability, cash flow improvement, and reducing indebtedness, with continued selective acquisitions.

• Financial position is stable, with all covenant requirements fulfilled.