Veteranpoolen (VPAB) Q2 2026 earnings summary

Executive summary

• Accelerating growth and improved profitability marked the second quarter of 2026, with group revenue rising nearly 19% year-over-year and operating profit increasing due to higher sales, cost control, and reduced international expansion costs.

• Demand from corporate clients for skilled, reliable personnel increased, and 26 out of 64 local offices set new sales records in June.

• The Danish subsidiary, Seniorstyrken ApS, contributed positively, more than doubling its quarterly revenue year-over-year.

Financial highlights

• Q2 2026 net revenue: 224,287 kkr (up 18.7% year-over-year); H1 2026 net revenue: 351,110 kkr (up 16.8%).

• Q2 2026 operating profit: 27,599 kkr (margin 12.3%); H1 2026 operating profit: 33,909 kkr (margin 9.7%).

• Q2 2026 net income: 22,081 kkr; H1 2026 net income: 27,259 kkr.

• Q2 2026 EPS: 1.08 kr (undiluted), 1.07 kr (diluted); H1 2026 EPS: 1.35 kr (undiluted), 1.33 kr (diluted).

• Cash flow from operations (H1 2026): 10,344 kkr.

Outlook and guidance

• Continued focus on expanding customer base and engaging more senior workers for extra employment.

• Ongoing international expansion, with Denmark as the first step.