BHG Group AB (publ) (BHG) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thank you for joining us today. I am joined by our CFO, Jesper Flemmer. I will walk you through the operational highlights and our strategic progress before Jesper covers the financials in more detail. I will come back to summarize, and then we will do our very best to answer your questions. Slide two, please. Q2 highlights. The second quarter was another step forward for BHG. We delivered accelerating organic growth, continued to see improving profitability and generated strong cash flow, while at the same time continuing to execute on the strategic priorities we communicated on our Capital Markets Day. The quarter was characterized by three main themes. First, our operational performance continued to improve. Organic growth accelerated to almost 10% and adjusted EBIT improved for the eleventh consecutive quarter. Second, we continued to execute our strategy. We further increased our share of unique assortment, accelerated our initiatives and completed the first acquisition in a long time with the acquisition of Hille Storf. And finally, we continue to see encouraging market developments, demand improved across most of our key markets and categories supported by stronger consumer purchasing power. Overall, we believe the quarter demonstrates that our strategy is working. Slide three, please. Summarizing the key numbers. The most important takeaway is that sales growth accelerated and came in at plus SEK3 billion in the quarter, representing an organic growth of 9.6%. This being a significant growth acceleration compared to the first quarter, and we can also happily conclude that we have continued growth in all three business units. Adjusted EBIT in the second quarter was SEK134 million, a growth of SEK60 million compared to last year, an ...