Aq Group Ab · OMXSTO:AQ
Aq Group Ab — Q2 2026 Earnings Presentation
17 slides from Aq Group Ab's earnings presentation, Jul 14, 2026
Slide 1: AQ Group Q2 2026
AQ Group Q2 2026
Slide 2: Why invest in AQ Group
Why invest in AQ Group EPS CAGR 14% over the past 10 years Profit every quarter since foundation in 1994 Exposure to industrial market segments with underlying growth; Electrification (data centers) Defense Med-Tech Long history of acquistions. 2-4 factories/year Strong balance sheet – net cash posi
Slide 3: AQ Group - Quick facts
AQ Group - Quick facts Production 8,000 9bSEK 7 Business 15+ Market in 17 Employees Turnover areas segments countries +4000 Profit(EPS) 2-4 UN Global 14% EPS customers every Q for acquisitions compact CAGR globally +30 years / year since 2012 3
Slide 4: Second Quarter, April-June 2026 in brief
Second Quarter, April-June 2026 in brief Net sales increased by 10% to SEK 2,577 million (2,344) Goal >15% growth Operating profit (EBIT) increased by 17% to SEK 255 million (218) Profit after financial items (EBT) increased by 13% to SEK 256 million (228) Profit margin before tax (EBT %) was 9.9% (
Slide 5: First six months, Jan-June 2026 in brief
First six months, Jan-June 2026 in brief Net sales increased by 6% to SEK 4,934 million (4,634) Goal >15% growth Operating profit (EBIT) increased by 11% to SEK 480 million (433) Profit after financial items (EBT) increased by 11% to SEK 479 million (432) Profit margin before tax (EBT %) was 9.7% (9
Slide 6: Highlights in the quarter
Highlights in the quarter Highest net sales and result in a single quarter in AQ history. Growth in data centers and defense accelerate. Doubled output of transformers for data centers from our sites in Hungary, Finland, US and Czech Rep. compared to previous quarter. Ramp up continue. Capacity now
Slide 7: Lowlights
Lowlights Need to improve quality and productivity in AQ Inductive Components India. Low capacity utilization in Mexico and New York. We need to sell more. Want to do more acquisitions. 7
Slide 8: AQ Group EPS Growth and DPS
AQ Group EPS Growth and DPS CAGR 14% CAGR 14% 14% CAGR EPS & DPS 2015-2025. The target is to double EPS every 5 years. 8
Slide 9: Net sales development
Net sales development 2026 Q2 vs 2025 Q2 Organic growth: +9.1% Acquired growth: +0.9% Currency effect: -0.1% Net sales growth: +9.9% 9
Slide 10: Organic growth
Organic growth Organic growth in Q2 was +9.1%, below our target of +10%. Target +10%/ year High demand in defense, datacenters and construction equipment. 10
Slide 11: Sales growth and investments
Sales growth and investments Deliveries of 20mSEK done from Time24 to customers such as Applied Digital, Oxford Instruments and Alstom. Growth will continue. Inductive components for datacenters is now 6% of the AQ Group total net sales. The share is expected to increase. Several large RFQs for defe
Slide 12: Acquired Growth
Acquired Growth +1% acquired growth in Q2. Time 24 acquired in Q2. Net sales from 11th May was 20mSEK with margin < AQ average. Target +5%/ year mdexx develops according to plan. Big QvsQ improvement on result. Increasing workshop utilization especially from datacenters. Several targets as usual in
Slide 13: AQ Group EBT Margin development
AQ Group EBT Margin development EBT Margin in Q2 was 9.9%. 13 consecutive quarters above EBT target of EBT Margin (%) goal increased to 10% 8%. Now increased target to 10%. The board believe that this target increase is sustainable over time since AQ is moving towards more complex products and bigge
Slide 14: Inventory value & turnover development
Inventory value & turnover development Inventory turnover target is 3.5 turns/year. Currently we are at 2.9 We have done improvements in many sites. Increase in inventory value in Q2 due to increased delivery pace for inductives for data centers and defence projects in Q3. 14
Slide 15: Net cash from operating activities and Net cash
Net cash from operating activities and Net cash Operating cash flow of 23 mSEK in the quarter. This results in a net cash position of 413mSEK. We have large working capital increase in inventory and accounts recievables due to growth in the quarter. 15
Slide 16: Why invest in AQ Group
Why invest in AQ Group EPS CAGR +14% over the past 10 years Profit every quarter since foundation in 1994 Exposure to industrial market segments with underlying growth; Electrification Defense Med-Tech Long history of acquistions. 2-4 factories/year Strong balance sheet – net cash position 16
Slide 17: Questions?
Questions? Q&a WE ARE RELIABLE ”