LumenRadio (LUMEN) Q2 2026 earnings summary

Executive summary

• Q2 2026 net sales increased to 62.3 MSEK, up 12.7% year-over-year, with organic growth of 14.0%.

• EBITDA rose to 13.2 MSEK (21.1% margin), up from 0.1 MSEK, and net profit reached 8.0 MSEK, a turnaround from a loss last year.

• EBIT for Q2 was 9.2 MSEK (14.7% margin), up from -3.7 MSEK.

• Net income per diluted share was 0.64 SEK, compared to -0.24 SEK last year.

• Cash flow improved to 7.8 MSEK from -14.7 MSEK, with cash and equivalents at 121.6 MSEK.

Financial highlights

• Last 12 months' revenue was approximately 252 MSEK, with a 5-year CAGR of 25%.

• Gross margin for Q2 2026 was 70.6%, up from 57.2% last year; LTM gross margin exceeded 65%.

• EBITDA margin for Q2 was 21.1%, and LTM EBITDA margin was around 18%.

• 70% of revenues are recurring-like, driven by design wins.

• Cash in bank increased to 121.6 MSEK from 85.8 MSEK year-over-year.

Outlook and guidance

• Short-term outlook remains positive, with strong traction in lighting control and building automation.

• No tangible effects from global turbulence, including the Middle East, due to limited exposure.

• Internal efforts to standardize product assortment and improve supplier collaboration are expected to support future margin improvements.

• Long-term financial targets: revenue above 500 MSEK by 2030 and average EBITDA margin above 20%.

• Continued investment in organization to support future growth while maintaining profitability targets.