Premium Snacks Nordic (SNX) Q2 2026 earnings summary

Executive summary

• Achieved 15.0% year-over-year revenue growth in Q2 2026, reaching 163.4 MSEK, and 16.3% growth for H1 2026 to 308.0 MSEK.

• EBITDA rose to 16.5 MSEK in Q2 (up 6.4%) and 27.1 MSEK for H1 (up 13.7%).

• EBITA increased to 13.4 MSEK in Q2 (up 1.9%) and 21.1 MSEK for H1 (up 10.3%).

• June marked the strongest sales month ever, with a record 59.8 MSEK in net sales.

• CEO transition announced: Peter Eriksson to succeed Henrik Strinning as of September 1, 2026.

Financial highlights

• Gross margin was 41.8% in Q2 (down from 42.2%) and 40.7% for H1 (down from 41.4%).

• EPS for Q2 was 0.72 SEK (up from 0.69 SEK); H1 EPS was 1.10 SEK (up from 0.95 SEK).

• Operating cash flow improved to 12.7 MSEK in Q2 (from 5.3 MSEK) and 24.9 MSEK in H1 (from 4.4 MSEK).

• Net debt reduced to 30.8 MSEK (down 29.3% year-over-year); net debt/EBITDA at 0.6x.

• Solid equity ratio at 42.2% (up from 37.2%).

Outlook and guidance

• Strong start to Q3 with record sales for Gårdschips in July and regained listings in August.

• EBITA margin targeted to exceed 8% by end of strategic period; current margin at 8.2%.

• Continued focus on capacity expansion, automation, and efficiency to support growth.

• No material disruptions from geopolitical tensions, but ongoing cost pressure from freight and energy.