SinterCast (SINT) Q2 2026 earnings summary

Executive summary

• Series production reached 3.1 million Engine Equivalents, up 15% from H2 2025, signaling a market recovery in commercial vehicles.

• Revenue for Q2 2026 was SEK 27.4 million, down 12% year-over-year, mainly due to lower commercial vehicle production and adverse exchange rates, but recurring revenue increased for the third consecutive quarter.

• Operating result for Q2 was SEK 7.4 million, with a margin of 27.1%, reflecting lower volumes and currency impacts, partly offset by cost reductions.

• Dr. Steve Dawson retired as President & CEO, succeeded by Dr. Vítor Anjos.

• New high-volume commercial vehicle OEM order secured, with production starting in early 2027.

Financial highlights

• Q2 2026 revenue: SEK 27.4 million (down from SEK 31.1 million in Q2 2025); recurring revenue accounted for 93.5% of total.

• Operating result: SEK 7.4 million (down from SEK 11.2 million); operating margin 27.1% (down from 36.1%).

• Earnings per share: SEK 0.82 (down from SEK 1.24).

• Cashflow from operations: SEK 7.4 million (down from SEK 9.1 million), impacted by lower operating result and delayed customer payments.

• Year-to-date revenue: SEK 52.4 million (down from SEK 58.1 million); operating result SEK 13.8 million (down from SEK 21.4 million).

Outlook and guidance

• Near-term production volumes expected to benefit from market recovery, pent-up demand, and new high-volume programs starting in early 2027.

• Long-term target to reach eight million Engine Equivalents by 2031, with annual revenues above SEK 200 million.

• Operating margin goal of 40% by 2028, supported by scalable business model and existing capacity.

• Growth strategy includes disciplined acquisitions of high-quality businesses with strong recurring revenues.