Q-Interline (QINTER) H1 2026 earnings summary

Executive summary

• Achieved record first-half sales and earnings, with strong commercial momentum and internal restructuring.

• New CEO and board chair appointed, marking a leadership transition to drive growth.

• Strategic focus shifted to Europe, with cost reductions and a leaner US operation.

• Launched a new growth strategy targeting automated 'dark factories' and more structured sales.

Financial highlights

• Revenue grew 39% year-over-year to DKK 21.6 million in H1 2026.

• EBIT improved by 41% to DKK -5.4 million from DKK -9.2 million in H1 2025.

• Gross margin declined to 62.8% from 73.2% due to a higher share of system sales.

• Net result was DKK -5.8 million, an improvement from DKK -9.6 million in H1 2025.

• ARR accounted for 29% of revenue, down from 40% due to strong system sales, but ARR itself grew 1%.

Outlook and guidance

• Full-year 2026 revenue guidance maintained at DKK 45–55 million.

• EBIT guidance for 2026 remains at DKK -8 million to DKK -1 million.

• Targeting positive operating cash flow in 2027.