Avensia (AVEN) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 2026 was 100.8 MSEK, down 8% year-over-year, with a 10% decrease when adjusted for calendar effects.

• Operating profit for Q2 was 2.8 MSEK, with a margin of 2.8%, compared to 9.4 MSEK and 8.5% last year.

• Net income for Q2 was 1.8 MSEK, down from 6.7 MSEK year-over-year.

• The market remains challenging, with excess delivery capacity and price pressure.

• Investments continue in AI-driven and agent-based software development, with first deliveries expected in autumn.

Financial highlights

• H1 2026 revenue was 206.9 MSEK, down from 228.0 MSEK in H1 2025.

• H1 2026 operating profit was 12.9 MSEK (margin 6.2%), compared to 24.7 MSEK (margin 10.8%) in H1 2025.

• H1 2026 net income was 9.0 MSEK, down from 18.1 MSEK year-over-year.

• Cash flow from operations in Q2 was 3.9 MSEK, with total cash flow at -22.3 MSEK due to a 22.3 MSEK dividend payout.

• Liquid assets at quarter-end were 40.1 MSEK, with available liquidity of 70.1 MSEK.

Outlook and guidance

• Structural demand in core markets is expected to increase over time.

• Financial targets: 10% annual organic growth, short-term operating margin of 10%, long-term margin of 15%.

• No specific forecasts for revenue or profit are provided.