HAKI Safety (HAKI) Q2 2026 earnings summary

Executive summary

• Net sales grew 12% year-over-year in Q2 2026 to SEK 363 M, with organic growth at 11%.

• Adjusted EBITA rose to SEK 30 M from SEK 20 M, and operating profit reached SEK 24 M.

• Cash flow from operating activities was SEK 48 M, and EPS before/after dilution was SEK 0.34.

• The acquisition of Combisafe was finalized after the quarter, strengthening the fall protection portfolio.

• CEO announced intention to step down by April 2027.

Financial highlights

• Gross margin improved to 36.1% in Q2 2026 from 35.2% a year earlier.

• Adjusted EBITA margin increased to 8.3% from 6.2% year-over-year.

• Net result after tax was SEK 10 M, slightly down from SEK 11 M, impacted by negative exchange rate effects.

• Financial net debt decreased to SEK 350 M from SEK 390 M at the start of the year.

• Cash flow from operating activities for H1 2026 was SEK 71 M, up from SEK 20 M in H1 2025.

Outlook and guidance

• Updated financial targets were communicated, focusing on profitable growth and new medium- to long-term profitability goals.

• Management remains positive about future prospects, citing efficiency improvements and acquisition synergies.

• Macroeconomic trends and strategic financing partnerships support growth ambitions.