Ortelius International (ORTIN) Q2 2026 earnings summary

Executive summary

• Net sales for Jan–Jun 2026 were SEK 26.4 million, down 9% year-over-year, with Q2 sales at SEK 10.7 million, an 18% decrease from the prior year.

• EBITDA for Jan–Jun 2026 was SEK -12.2 million, compared to SEK -0.7 million last year; Q2 EBITDA was SEK -6.8 million.

• Operating profit for Jan–Jun 2026 was SEK -19.9 million, with Q2 at SEK -10.7 million, reflecting lower sales and higher costs.

• Early project terminations, delayed project starts, and weaker sales significantly impacted results.

• Major cost reductions and organizational restructuring were implemented, reducing headcount from 48 to 34.

Financial highlights

• Net sales: SEK 26.4 million for Jan–Jun 2026 (SEK 28.1 million in 2025); SEK 10.7 million for Q2 2026 (SEK 13.0 million in 2025).

• EBITDA: SEK -12.2 million for Jan–Jun 2026 (SEK -0.7 million in 2025); SEK -6.8 million for Q2 2026 (SEK -1.5 million in 2025).

• Operating profit: SEK -19.9 million for Jan–Jun 2026 (SEK -4.8 million in 2025); SEK -10.7 million for Q2 2026 (SEK -3.5 million in 2025).

• Profit for the period: SEK -24.5 million for Jan–Jun 2026 (SEK -5.5 million in 2025); SEK -14.0 million for Q2 2026 (SEK -3.6 million in 2025).

• Earnings per share: SEK -0.3 for Jan–Jun 2026 (SEK -14.5 in 2025); SEK -0.2 for Q2 2026 (SEK -9.3 in 2025).

Outlook and guidance

• Cost reductions and restructuring are expected to positively impact cash flow and profitability from Q3 2026 onward.

• Management expects gradual improvement, with focus on winning new customers and expanding within existing accounts.

• Activities related to a key automotive sector agreement are anticipated to begin late 2026 or early 2027.