Storskogen Group (STOR) Q2 2026 earnings summary

Executive summary

• Net sales rose 5% year-over-year in Q2 2026 to SEK 8.86 billion, with organic growth and adjusted EBITA up 2% to SEK 864 million; profit for the quarter increased 46% to SEK 379 million.

• Four acquisitions were completed in Q2, contributing SEK 214 million in annual sales and supporting a gradual return to acquired growth.

• Operational excellence, disciplined execution, and sales growth remain key strategic focuses.

• Industry segment delivered strong performance, trade showed improving trends, and services saw early signs of recovery.

Financial highlights

• Net sales reached SEK 8.86 billion, up 5% year-over-year, driven by organic growth.

• Adjusted EBITA margin was 9.7%, down from 10.0% last year; margin unchanged year-over-year when adjusted for a SEK 22 million one-off in Q2 2025.

• Net profit after tax increased 18% to SEK 413 million (adjusted), and profit for the quarter was SEK 379 million, up 46%.

• Adjusted EPS increased 23% to SEK 0.23.

• Cash flow from operating activities was SEK 465 million, down year-over-year due to higher receivables and inventory.

Outlook and guidance

• Management is cautiously optimistic for H2 2026, supported by a strong acquisition pipeline and solid order book in Industry.

• Expectation of cash flow reversal in H2 as receivables are collected.

• Continued focus on operational improvements, margin enhancement, and organic profit growth, with a long-term target of at least 10% EBITA margin.

• Acquisition pace to gradually increase as capital allocation capacity grows.