NOVOTEK (NTEK) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 2026 increased to 138.6 MSEK from 123.6 MSEK year-over-year, with operating profit rising to 10.9 MSEK from 7.8 MSEK.

• H1 2026 revenue reached 260.4 MSEK, up from 243.7 MSEK, but operating profit declined to 19.0 MSEK from 22.1 MSEK year-over-year.

• Net profit for H1 2026 was 14.6 MSEK, compared to 15.4 MSEK in H1 2025.

• Order intake grew significantly to 320.1 MSEK in H1 2026 from 260.4 MSEK year-over-year.

• Acquisition of Servitecno Srl in Italy expands geographic reach and strengthens supplier relationships.

Financial highlights

• Q2 2026 net profit after tax was 8.9 MSEK, up from 5.3 MSEK in Q2 2025.

• Earnings per share for H1 2026 were 1.2 SEK, down from 1.4 SEK year-over-year.

• Cash flow from operations for H1 2026 was 30.8 MSEK, slightly above 29.8 MSEK in H1 2025.

• Liquidity at period end was 120.0 MSEK, with net cash of 119.0 MSEK.

• Equity ratio improved to 42.2% from 39.8% year-over-year.

Outlook and guidance

• Continued strong demand for digitalization, industrial AI, and cybersecurity solutions, especially related to EU NIS2 directive.

• Macroeconomic uncertainty is causing customers to delay investment decisions, leading to longer sales cycles.

• Management expects ongoing interest in core offerings and growth from new markets.