Inission (INISS) Q2 2026 earnings summary

Executive summary

• Net sales increased 18.7% year-over-year to SEK 635 million, with organic growth of 7.4% and significant contributions from acquisitions such as Selteka.

• EBITDA/EBITA rose to SEK 41 million, up SEK 16.8 million year-over-year, with margin improvement to 6.4%.

• Earnings per share increased to SEK 1.3, up SEK 0.7 year-over-year.

• Order intake for Q2 2026 rose to 719.3 MSEK from 516.9 MSEK, indicating stable run rates and supporting confidence in meeting the upper end of full-year guidance.

• Both EMS and Power segments showed strong development, with EMS seeing robust growth in defense and datacenter markets, and Inission Power returning to profitability.

Financial highlights

• Q2 2026 net sales: SEK 635 million (+18.7% YoY), with SEK 61 million from Selteka acquisition.

• EBITDA/EBITA: SEK 41 million (up SEK 16.8 million YoY); margin: 6.4% (+1.9pp YoY).

• EPS: SEK 1.3 (up SEK 0.7 YoY).

• H1 2026 net sales: SEK 1,299 million; H1 EBITA: SEK 87.5 million.

• Net debt at period end: SEK 517.2 million; equity ratio: 39.9%.

Outlook and guidance

• Full-year sales expected at the higher end of SEK 2.3–2.5 billion guidance, with profitability maintained at current levels.

• Medium-term targets: annual growth above 15% (10% organic, 5% via acquisitions), EBITA margin above 9%.

• Order book and book-to-bill ratio of 1.1 support confidence in margin targets.

• Cautious optimism due to global uncertainties, with risks from supply chain disruptions and inflation.

• No change to guidance due to prudence and seasonal effects, but potential to overshoot exists.