Idun Industrier (IDUN) Q2 2026 earnings summary

Executive summary

• Net sales grew 12.7% year-over-year to SEK 668 million in Q2 2026, with EBITA up 7.4% to SEK 96 million; organic sales growth was 0.7% and organic EBITA declined by 7.7%.

• Three acquisitions completed in H1 2026: AGB Service, Nordbergs Tekniska, and Mouldex, all expected to contribute positively in coming quarters.

• Early redemption of SEK 220 million bond and increased revolving credit facility to SEK 670 million, expected to reduce interest expenses by SEK 8 million annually.

• Profit per share increased from SEK 4.2 to SEK 4.4; rolling twelve-month EPS up 18.9% to SEK 15.1.

• Cash flow from operating activities was SEK 74 million in Q2.

Financial highlights

• Rolling 12-month net sales reached SEK 2,462 million, with EBITA at SEK 336 million and margin at 13.6%.

• Cash conversion for the quarter was 58% (SEK 225 million rolling 12 months); cash and cash equivalents were SEK 77 million at period end.

• Net debt increased to SEK 1,070 million, up SEK 131 million from Q1 due to acquisitions; equity ratio at 34.6%.

• EBITDA margin Q2: 16.3%; H1: 16.2%; rolling twelve months: 15.8%.

• Earnings per share adjusted for goodwill were 4.4 (4.2) for the quarter.

Outlook and guidance

• Operating margins are expected to improve in 2026, with positive indications from group companies and anticipated good results in H2.

• Management expects gradual market improvement in late 2026, with broader recovery likely in 2027.

• Continued uncertainties remain, especially for companies exposed to heavy industry in Sweden.

• The group remains focused on organic and acquisition-driven growth, with continued adaptation to market conditions.