Nilsson Special Vehicles (NILS) Q2 2026 earnings summary

Executive summary

• Focus on profitability, efficiency, and long-term development marked the first half of 2026, with improved supply chain stability in Q2 enabling higher production and deliveries.

• Strategic emphasis on profitability over volume, with ongoing process improvements and sustainability initiatives, including upcycling materials.

• New production facility agreements signed, with relocation planned for mid-2027 to enhance operational efficiency and work environment.

• Order book provides strong visibility, with production planned through Q1 2027.

Financial highlights

• Order intake for Jan–Jun 2026: 42 vehicles (86,328 KSEK), up from 29 vehicles (48,066 KSEK) year-over-year.

• Net sales for H1 2026: 76,091 KSEK, down 15% from 89,383 KSEK year-over-year; Q2 sales: 44,772 KSEK, up 8% from 41,432 KSEK.

• EBITDA for H1 2026: 3,876 KSEK (73 KSEK in H1 2025); Q2 EBITDA: 3,343 KSEK (–766 KSEK in Q2 2025).

• Net income for H1 2026: 2,505 KSEK (–1,419 KSEK in H1 2025); Q2 net income: 2,649 KSEK (–1,506 KSEK in Q2 2025).

• Cash flow from operations for H1 2026: –1,495 KSEK (2,220 KSEK in H1 2025); Q2: 5,042 KSEK (7,576 KSEK in Q2 2025).

Outlook and guidance

• Production is largely planned through Q1 2027, supported by a strong order book.

• Continued focus on profitability, operational efficiency, and product development, including electric vehicles.

• New production facility expected to further improve efficiency and work environment from mid-2027.