SKAN Group (SKAN) H1 2026 earnings summary

Executive summary

• Achieved strong growth in H1 2026, with all key financial metrics improving year-over-year, including order intake up 16.3% to CHF 247.6 million and net sales up 22.2% to CHF 165.5 million, driven by robust U.S. demand, organic growth, and acquisitions.

• Profitability improved significantly: EBITDA reached CHF 15.3 million (margin 9.3%, up from CHF 0.9 million), and net profit was CHF 5.4 million, reflecting a turnaround from a prior-year loss.

• Order backlog increased 27.8% to CHF 442.3 million, providing strong revenue visibility through 2028.

• Both Equipment & Solutions and Services & Consumables segments contributed positively, with Services & Consumables now accounting for nearly 40% of group net sales.

• Major project wins, successful acquisitions, and the delivery of digital twin projects enhanced differentiation and future growth prospects.

Financial highlights

• Order intake: CHF 247.6 million, up 16.3% year-over-year; order backlog: CHF 442.3 million, up 27.8%.

• Net sales: CHF 165.5 million, up 22.2% year-over-year (24% at constant FX); organic growth 13.3%.

• EBITDA: CHF 15.3 million (margin 9.3%), up from CHF 0.9 million (margin 0.7%) in prior year.

• Net profit: CHF 5.4 million for H1 2026; EBIT margin rose to 5.3% (from -3.6%).

• Operating cash flow CHF 16.3 million; free cash flow CHF 2.7 million; cash balance CHF 88.5 million.

Outlook and guidance

• Full-year 2026 guidance confirmed: net sales growth in the high teens and EBITDA margin between 13% and 15%.

• Solid order backlog and market trends support confidence in achieving full-year and mid-term targets.

• Focus remains on innovation, operational excellence, margin improvement, backlog execution, and cost discipline.

• Pre-Approved Services expected to generate meaningful revenue starting next year, ramping up over 3-4 years.