Cynca Nordic (CYNCA) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 were SEK 593 million, down 16% year-over-year, mainly due to divestments; organic sales were flat for the quarter and down 3% for the half-year.

• EBITA for Q2 was SEK 33 million (5.5% margin), with adjusted EBITA at SEK 42 million (7.0% margin); EBIT was SEK 0 million.

• The divestment of Flowa Technology AB for SEK 6.5 billion is expected to close in H2 2026, generating a capital gain of SEK 3.5 billion.

• CEO and Board changes were implemented in June 2026, with Conny Ryk as CEO and Caroline Atelius as Chair.

Financial highlights

• Q2 net sales: SEK 593 million (703 million in Q2 2025); H1 net sales: SEK 1,091 million (1,340 million in H1 2025).

• Q2 EBITA: SEK 33 million (41 million); adjusted EBITA: SEK 42 million (43 million).

• Q2 EBIT: SEK 0 million (6 million); H1 EBIT: SEK -15 million (-2 million).

• Q2 EPS before dilution: SEK -0.10 (-0.10); H1 EPS: SEK -0.92 (-0.23).

• Q2 operating cash flow: SEK 71 million (64 million); cash conversion rate: 121% (89%).

Outlook and guidance

• Management expects continued improvements in volumes and margins in H2 2026, with potential to achieve double-digit EBITA margins within 12–24 months.

• Market recovery is underway, with increased customer activity and proposal requests.

• The divestment of Flowa Technology AB will provide capital for growth investments, debt reduction, and a proposed extraordinary dividend.