Hulström Group (HULT) Q2 2026 earnings summary

Executive summary

• Profitability improved significantly year-over-year for the first half of 2026, with a 3% revenue growth and strong operational performance.

• A major transaction was announced: the sale of HifabGruppen AB and the Hultström Group and Hifab brands to Vaaka Partners, pending shareholder approval.

• The group continues to focus on transformation within the built environment sector, leveraging AI and upskilling consultants.

Financial highlights

• Q2 net revenue: 82.0 MSEK (81.5 MSEK in Q2 2025); H1 net revenue: 166.4 MSEK (161.6 MSEK in H1 2025).

• Adjusted EBITA for Q2: 10.3 MSEK (7.7 MSEK); H1: 22.9 MSEK (16.7 MSEK), with margins of 12.6% and 13.7% respectively.

• EBIT for Q2: 6.6 MSEK (5.4 MSEK); H1: 16.8 MSEK (12.2 MSEK).

• Net income for H1: 12.2 MSEK (10.9 MSEK); EPS H1: 0.20 SEK (0.18 SEK).

• Operating cash flow H1: 19.3 MSEK (13.0 MSEK).

Outlook and guidance

• The board will clarify the company’s future direction post-transaction, with options including new acquisitions or returning capital to shareholders.

• The group aims to maintain high profitability and continue growth through organic expansion, acquisitions, and new ventures.