Nordic LEVEL Group (LEVEL) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 were 84.7 MSEK, down 7.8% year-over-year; H1 2026 net sales were 161.1 MSEK, down 20.2% year-over-year.

• EBITDA for Q2 was -9.8 MSEK (4.1 MSEK last year); EBIT was -14.3 MSEK (0.4 MSEK last year).

• Net result for Q2 was -16.0 MSEK (-1.0 MSEK last year); H1 net result was -29.1 MSEK (-5.8 MSEK last year).

• Order intake for Q2 was 139.2 MSEK, down 4.2% year-over-year, but order backlog grew 15.2% to 147.0 MSEK.

• A rights issue in May raised approximately 45 MSEK after transaction costs.

Financial highlights

• Q2 EPS was -0.08 SEK (-0.01 SEK last year); H1 EPS was -0.14 SEK (-0.03 SEK last year).

• Q2 operating cash flow before working capital changes was -13.0 MSEK (0.9 MSEK last year); total Q2 cash flow was 1.7 MSEK (-0.8 MSEK last year).

• H1 operating cash flow before working capital changes was -23.2 MSEK (-0.2 MSEK last year); total H1 cash flow was 3.4 MSEK (-5.4 MSEK last year).

• Equity at period end was 172.8 MSEK (199.4 MSEK last year); equity ratio was 47% (52%).

• Interest-bearing debt at period end was 93.2 MSEK (70.3 MSEK last year); cash and equivalents were 6.4 MSEK (3.0 MSEK last year).

Outlook and guidance

• Management expects a significantly stronger H2, with postponed projects now starting to be realized.

• No formal forecast for 2026 is provided.