Fasadgruppen Group (FG) Q2 2026 earnings summary

Executive summary

• Adjusted EBITA for Q2 2026 was SEK 108 million, down 19% year-over-year, with a margin of 7.6%.

• Net sales for Q2 2026 were SEK 1,409.5 million, down 1.8% year-over-year; organic change was -0.5%.

• Organic order backlog increased 6.6% year-over-year, driven by Norway, Finland, and the U.K.

• Acquisition of ProRakenne, a Finnish roofing specialist, finalized in August, expanding industrial and data center exposure.

• Rights issue completed, raising SEK 504 million before costs and significantly reducing net debt.

Financial highlights

• Rolling 12-month net sales reached SEK 5,243.3 million, with adjusted EBITA of SEK 351.3 million and a slightly lower margin.

• Operating cash flow for Q2 was SEK 51.9 million, down from SEK 181 million last year, due to working capital build from a late and rapid seasonal start.

• Cash conversion remained strong at 98% on a rolling 12-month basis.

• Net debt reduced to SEK 1,616.9 million from SEK 2,237.7 million a year ago; leverage at 3.3x adjusted EBITA.

• Cash and cash equivalents at period end: SEK 422.9 million.

Outlook and guidance

• Strong order backlog supports potential for improved volumes and profitability in H2 2026.

• Management sees room for improvement across all countries, with execution as the main focus.

• Gradual recovery observed during Q2 2026, with a focus on profitability improvements.

• Increased exposure to industrial buildings and data centers expected to support future growth.

• No specific forecasts provided, but positive sentiment on converting backlog to sales.