SP Group (SPG) Q2 2026 earnings summary

Executive summary

• Achieved record revenue and earnings in both Q2 and H1 2026, with H1 revenue up 32.9% to DKK 1,950 million and EBITDA up 36.2% to DKK 397 million, driven by strong organic growth and successful integration of acquisitions.

• Expanded global footprint with the acquisition of OGM Moulding Ltd. in the UK and increased production capacity in Poland.

• All product groups, including Cleantech, Foodtech, Healthcare, and others, saw sales growth.

• Integration of Idé-Pro and OGM Moulding Ltd. progressing, expanding market presence and customer base.

• Activity remains high despite geopolitical uncertainty and supply chain challenges.

Financial highlights

• H1 2026 revenue rose 32.9% year-over-year to DKK 1,950 million, with organic growth of 19.7%.

• EBITDA margin reached 20.3% and EBT margin 12.7% in H1 2026.

• Q2 2026 revenue up 44.6% year-over-year; EBITDA up 59.9%; EBT up 91.9%.

• Diluted EPS increased 55.1% to DKK 16.49 in H1 2026.

• Operating cash flow for H1 2026 was DKK 291 million, up from DKK 229 million in H1 2025.

Outlook and guidance

• 2026 revenue growth guidance raised to 24-30% (previously 15-23%/22-28%), with expected revenue of DKK 3.6-3.8 billion.

• Acquisitions expected to contribute 16-17% of growth; EBITDA margin guidance maintained at 19-21%, EBT margin at 11-13%.

• High activity levels expected to continue, with ongoing supply chain and price challenges due to geopolitical factors.