Sentia (SNTIA) Q2 2026 earnings summary

Executive summary

• Revenue in Q2 2026 reached MNOK 3,345, up 14.2% year-over-year, with first half revenue at MNOK 6,540, up 13.4%.

• Profitability remained strong, with an EBIT margin of 6.9% and EBT margin of 5.9% for the quarter; operating profit was MNOK 156 and profit before tax MNOK 196.

• Order backlog at the end of Q2 was MNOK 18,545, with order intake at MNOK 3,610 for the quarter.

• Net financial position improved to MNOK 3,426, ensuring stability and flexibility.

• Letter of intent signed to acquire 70% of Thule Fastighetsutveckling AB, with completion planned for October 2026.

Financial highlights

• Q2 2026 revenue: MNOK 3,345 (up 14.2% from Q2 2025); first half revenue: MNOK 6,540 (up 13.4%).

• EBIT: MNOK 227; EBT: MNOK 196; EBITDA margin for Q2 was 5.4%.

• Cash and cash equivalents: MNOK 3,600 as of June 30, 2026.

• Return on capital employed reached 35.9% (12-month rolling).

• Dividend payout ratio at 96% of net profit for 2025; dividend of MNOK 552 paid in Q2 2026.

Outlook and guidance

• Revenue target for 2030 set at NOK 15bn, with a CAGR of 6.1% from 2024 to 2030.

• EBIT margin target of 5% for 2030, with current performance exceeding this level.

• Norwegian construction market expected to grow 2.9% in 2026; Swedish market forecasted to grow 3.0%.

• Market outlook revised downward due to higher costs and geopolitical uncertainty, but strong R&M and public sector demand support long-term prospects.

• High order backlog and solid financial position position the group for continued growth.