Lammhults Design Group (LAMM) Q2 2026 earnings summary

Executive summary

• Revenue increased by 3.3% in Q2 2026 to 219.6 MSEK, but decreased by 0.8% when adjusted for currency effects.

• Library Interiors saw strong sales growth of 18.2%, while Office Interiors declined by 2.6% and faced weak demand and long decision cycles.

• Order intake declined by 6.3%, but the order backlog rose by 0.7% year-over-year.

• Adjusted operating result was -3.0 MSEK, with a margin of -1.3%.

• Result after tax for Q2 was -6.6 MSEK, or -0.78 SEK per share.

Financial highlights

• Q2 revenue: 219.6 MSEK (up 3.3% year-over-year; down 0.8% currency-adjusted).

• Adjusted gross margin: 34.8% (Q2 2025: 37.2%).

• Adjusted operating result: -3.0 MSEK (vs. 0.2 MSEK last year); margin -1.3%.

• H1 2026 revenue: 427.3 MSEK (+1.1%); adjusted operating result: -2.1 MSEK.

• Free cash flow including leasing: -29.2 MSEK for H1 2026.

Outlook and guidance

• Market remains uncertain, but stable order backlog and strong market position support the outlook for H2.

• EBIT target of 8-10% in a normalized market is maintained.

• Ongoing investments in product development and market presence to strengthen future position.