Norrhydro Group (NORRH) Q2 2026 earnings summary

Executive summary

• Turnover for January–June 2026 was EUR 14.9 million, up 0.14% year-over-year, with EBITDA rising to EUR 1.35 million and EBITDA margin improving to 9.0% from 8.2%.

• Profit for the period increased to EUR 262 thousand, with undiluted EPS at EUR 0.024, reflecting a significant improvement from the prior year.

• Operational performance remained strong, with high delivery reliability and product quality, despite a weaker Q2 due to geopolitical and market uncertainties.

• Investments continued in digital solutions (NorrDigi), with growing market interest in electric cylinders and intelligent control solutions.

Financial highlights

• EBITDA for H1 2026 was EUR 1,347 thousand (up 9.8% year-over-year), and operating profit was EUR 721 thousand (up 26%).

• Profit for the period was EUR 262 thousand, a 3,165% increase year-over-year.

• Cash flow from operating activities was EUR 1,402 thousand, up from EUR 394 thousand in H1 2025.

• Net debt decreased to EUR 7,858 thousand, with net gearing at 96% (down from 121%).

• Equity ratio improved to 35.9% from 32.4% year-over-year.

Outlook and guidance

• Revenue for 2026 is expected at EUR 30–32 million, with reported EBITDA projected at EUR 3–4 million, focusing growth in H2 2026.

• Market conditions are expected to gradually stabilize, supporting business development in the second half of 2026.