Fasadgruppen Group AB (publ) (FG) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to Fasadgruppen presentation of the second quarter 2026. My name is Magnus Blomberg, Acting CFO and with me here in the room we have our CEO Martin Jakobsson. So Martin, will you please walk us through the report and after the report we will open up for some questions. So with that being said, Martin please go ahead. Thank you, Magnus, and a very warm welcome and a good morning for me as well. And let's move to the first slide directly. And let me give you a quarter here in short. By our own standards, the earnings were weak. But a weak quarter and a weak business, I would say, are two different things. And we will show that today. So when I'm just at a beta level, we came in at roughly 108 million against 132 last year, which is down 19%. And I won't dress that number up. Remember here, we took Roughly 2000 colleagues in our organization took this business from we had minus 12 if you remember organic growth in Q1 up to broadly flat now here in Q2. And the margin came in at roughly 7.6%. And that's just a statement and I'm proud of the colleagues that did this. And I would say that the decline in the result is not widespread, it is concentrated. This is mainly in our Nordic contracting business and that's essentially in Norway. And I'll walk through the reasons later in the presentation. But every other part of the group I would say held its ground or improved. And that distinction matters because concentrated problems can be fixed. The other headlines we have here in the first slide is of course the organic order backlog, which was up 6.6% compared to last year, mainly driven then by Norway, Finland and the UK. Very strong increase in the Norway is noteworthy. And of course, we welcome new colleagues into the group here. We finalize...