Saxlund Group (SAXG) Q2 2026 earnings summary

Executive summary

• Margins in project operations improved, but overall revenue and profitability declined year-over-year for both Q2 and H1 2026.

• Order book at quarter-end was satisfactory and more balanced across the group, providing a stable foundation for H2.

• Increased focus on profitable growth and selective acquisitions to complement existing operations.

Financial highlights

• Q2 2026 net sales: 48.4 MSEK (down from 58.6 MSEK in Q2 2025); EBITDA: 0.2 MSEK (1.8); EBIT: -0.7 MSEK (0.7); net result: -2.1 MSEK (-0.8); EPS: -0.28 SEK (-0.11).

• H1 2026 net sales: 83.6 MSEK (103.8); EBITDA: -1.4 MSEK (-0.1); EBIT: -3.3 MSEK (-2.3); net result: -5.1 MSEK (-4.1); EPS: -0.71 SEK (-0.57).

• Cash flow from operations in Q2: 1.2 MSEK (-13.8 in Q2 2025); cash at period end: 10.0 MSEK (7.5).

• Equity at period end: 53.2 MSEK (52.8); equity per share: 7.39 SEK (7.34).

Outlook and guidance

• Management prioritizes reversing the revenue trend and converting pipeline into orders while maintaining margin and risk discipline.

• Recovery in IMUS expected to be gradual, with improved customer dialogue and sales pipeline post-CEO transition.

• Focus for H2: higher activity, increased volumes, and improved profitability.