CAG Group (CAG) Q2 2026 earnings summary

Executive summary

• Revenue grew 11.3% year-over-year to SEK 237.9 million in Q2 2026, with 1.7% organic and 9.6% acquired growth, marking a return to positive organic growth.

• Strong positioning in long-term growth sectors: defence, financial services, e-commerce, AI, data/platforms, and cybersecurity.

• Secured major framework agreements and new customer wins, including FMV, DIGG, NBIM, and AP Funds.

• Acquisition of Clara Financial Consulting AB completed, strengthening the Banking & Finance segment.

• Peter Strömberg appointed CEO as of May 7, 2026.

Financial highlights

• Q2 2026 revenue: SEK 237.9m (SEK 213.7m in Q2 2025), up 11.3% year-over-year.

• Adjusted EBITA: SEK 19.7m (SEK 17.9m), margin 8.3% (8.4%).

• Profit after tax: SEK 10.7m (SEK 12.0m); EPS SEK 1.46 (SEK 1.68).

• Cash flow from operations in Q2: SEK 23.6m (SEK 30.1m); H1: SEK 40.3m (SEK 44.7m).

• Equity ratio: 53.3% (59.7%).

Outlook and guidance

• Positive growth trajectory regained, with a strong pipeline supported by strategic framework agreements.

• Medium-term targets: 10% annual net sales growth, adjusted EBITA margin above 10%, net debt below 1.5x adjusted EBITDA.

• Well positioned to benefit from investments in data, AI, cybersecurity, and digital transformation.

• Focus on attracting, developing, and retaining exceptional talent.

• Dividend policy: at least 50% of profit after tax to be distributed, subject to capital needs.