Svedbergs Group (SVED) Q2 2026 earnings summary

Executive summary

• Q2 2026 delivered stable, profitable growth with net sales of SEK 592 million, up 3.7% year-over-year, driven by organic growth and the UBC acquisition, which strengthens Central European presence.

• Integration of UBC in the Czech Republic is progressing well, and a new UK distribution center is expected to drive efficiency.

• Market recovery is gradual in parts of the Nordics, while UK demand remains subdued.

• New segment reporting introduced: Nordics, Central Europe, and United Kingdom.

Financial highlights

• Q2 net sales: SEK 592 million (up 3.7% YoY); YTD net sales: SEK 1,176 million (up 0.8% YoY).

• Organic growth in Q2: 1.8%; acquisition growth: 4.1%; currency impact: -2.1%.

• Q2 EBITA: SEK 91 million (margin 15.5%) or SEK 81 million (margin 13.7%), reflecting margin pressure from logistics and acquisition effects.

• Q2 EPS: SEK 1.91 (vs. 1.96 YoY) or 0.78 (vs. 0.97 YoY), depending on reporting method.

• Q2 free cash flow: SEK 22 million or 41.6 million (down from 72 YoY), reflecting acquisition and warehouse investments.

Outlook and guidance

• Well-positioned for continued profitable and sustainable growth despite macro uncertainty and geopolitical risks.

• Ongoing focus on operational improvements, digitalisation, and new product launches.

• Further acquisitions under consideration to complement the group.

• Integration of UBC and transition to new UK distribution center expected to support future growth.