Nederman (NMAN) Q2 2026 earnings summary

Executive summary

• Q2 saw a 6.3% organic increase in order intake across all four divisions, with Extraction & Filtration Technology setting a new record.

• Investments in innovation, operations, and service revenue are strengthening competitiveness and recurring revenue streams.

• Service business continues to grow, supporting long-term value creation.

• Acquisitions in Australia, Spain, Denmark, and Canada expand presence in key growth markets.

Financial highlights

• Q2 order intake was SEK 1.48 billion, up 6.3% year-over-year; net sales declined 3.7% to SEK 1,362 million.

• Adjusted EBITA was SEK 113.7 million (8.3% margin); EPS was SEK 1.54, down from SEK 1.97.

• Operating cash flow improved to SEK 69.2 million from SEK 59.1 million year-over-year.

• Net debt increased due to SEK 140 million dividend payout; equity ratio at 36.2% and net debt/equity at 84.5%.

• New SEK 2,500 million credit facility signed, raising total available credit to SEK 3,000 million.

Outlook and guidance

• Strong order backlog and intake are expected to drive higher sales and improved margins in coming quarters.

• Service and digital offerings provide resilience and stability.

• Management remains confident in strategic direction despite ongoing macroeconomic and geopolitical uncertainties.