KH Group (KHG) Q2 2026 earnings summary

Executive summary

• Revenue/net sales increased by 11.5% year-over-year to €106.9M in H1 2026, with strong growth in both main business segments.

• Comparable operating profit rose to €3.2M from €1.0M year-over-year, driven by improved profitability in both KH-Koneet and Nordic Rescue Group.

• Strategic transformation and organizational restructuring are underway, including cost efficiency initiatives and a planned head office relocation.

• Net profit for H1 2026 was €-0.5M, an improvement from €-1.0M in H1 2025.

• The second quarter was particularly strong, with net sales up 14.9% and a significant increase in operating profit.

Financial highlights

• Q2 2026 revenue/net sales: €62.3M (up 14.9% year-over-year); H1 2026: €106.9M (up 11.5%).

• Q2 2026 comparable operating profit: €4.3M (vs. €0.8M); H1 2026: €3.2M (vs. €1.0M).

• EBITDA for H1 2026: €9.8M (9.2% margin), up from €7.8M (8.2% margin) in H1 2025.

• Parent company’s operating loss reduced to -€0.7M in H1 2026 (vs. -€1.2M).

• Earnings per share for H1 2026: €-0.02 (unchanged year-over-year).

Outlook and guidance

• 2026 guidance: both revenue/net sales and comparable operating profit expected to grow versus 2025.

• Record-high order book supports positive outlook for the remainder of the year.

• Focus remains on growth in core business and potential dividend payments within balance sheet and financing limits.