NCAB Group (NCAB) Q2 2026 earnings summary

Executive summary

• Net sales grew by 25% year-over-year to SEK 1,167.5 million in Q2 2026, with order intake surging 59% to SEK 1,569.9 million and a book-to-bill ratio of 1.34.

• EBITA rose 48% to SEK 138.6 million, with an EBITA margin of 11.9%. Profit after tax more than doubled to SEK 84.4 million.

• Growth was driven by higher prices, pre-orders, and strong demand across all segments, especially in East and North America.

• The acquisition of Board Shark LLC in the US was completed, strengthening the North American presence.

Financial highlights

• Q2 2026 net sales: SEK 1,167.5 million (+25% YoY); order intake: SEK 1,569.9 million (+59% YoY).

• EBITA: SEK 138.6 million (+48% YoY); EBITA margin: 11.9% (10.0%).

• Profit after tax: SEK 84.4 million (+108% YoY); EPS: SEK 0.45 (0.22).

• Cash flow from operating activities: SEK 116.2 million (+24% YoY).

• FX effects reduced EBITA by SEK 10 million in Q2 and SEK 40 million for H1.

Outlook and guidance

• Demand remains strong, with continued supply chain constraints and longer lead times expected.

• Price increases and pre-buying are likely to continue impacting order intake and sales.

• No improvement in supply chain conditions is anticipated in the near term.