Ogunsen (OGUN) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 were 107.8 MSEK, down 3.2% year-over-year; EBIT was 2.7 MSEK with a margin of 2.5% including 1.9 MSEK in one-time personnel costs.

• Adjusted EBIT for Q2 was 4.6 MSEK, up from 3.3 MSEK last year; net income was 2.1 MSEK, EPS 0.19 SEK.

• For H1 2026, net sales were 222.6 MSEK, down 2.5% year-over-year; EBIT was 8.9 MSEK (margin 4.0%), adjusted EBIT 10.9 MSEK.

• Cash flow from operations in Q2 was 6.4 MSEK; for H1, 15.1 MSEK.

• Dividend of 1.50 SEK per share for FY2025 was approved and paid in H1 2026.

Financial highlights

• Q2 net sales: 107.8 MSEK (down 3.2% YoY); EBIT: 2.7 MSEK (margin 2.5%).

• H1 net sales: 222.6 MSEK (down 2.5% YoY); EBIT: 8.9 MSEK (margin 4.0%).

• Adjusted EBIT Q2: 4.6 MSEK; H1: 10.9 MSEK.

• Net income Q2: 2.1 MSEK; H1: 6.8 MSEK.

• Cash flow from operations Q2: 6.4 MSEK; H1: 15.1 MSEK.

Outlook and guidance

• Demand in consulting remained stable YoY in Q2; recruitment demand was slightly lower YoY but improved sequentially.

• Market conditions are more stable than in the past two years; focus remains on efficiency and adapting to changing skill needs, including technology and AI.