Ferronordic AB (publ) (FNM) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Faro Nordic Q2 2026 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now, I will hand the conference over to speakers CEO Henrik Carlberg and CFO Erik Donnemar. Please go ahead. Good morning everyone and welcome to our presentation of the results for the second quarter of 2026. Starting with some highlights for the quarter. We saw increased earnings in all markets, revenue increased 43% or up 54% in fixed currency with growth in all segments. Gross margin amounted to 15.8%, somewhat lower than last year on higher equipment share of revenue, but was up in our main market, the US. Operating profit improved to 68 million compared to minus five in Q2 last year with profitability in all three markets. EBITDA nearly doubled to 180 million kronor compared to 95 the year before. Net profit improved to 45 million compared to minus 51 the year before, supported by lower finance costs and currency gain. Thanks to the increased EBITDA and lower net debt quarter on quarter, net debt to EBITDA improved to 3.0 compared to 4.5 the year before, with net debt then down 112 million in the quarter. So in summary, 43% revenue increase, operating result of 68 million, leverage of 3.0 and earnings per share of 3.08. As I said before, we saw increased earnings in all markets. We did have a strong quarter with higher earnings. The things we've been working on in recent years are increasingly visible in the results. That is mainly then focus on the aftermarket, cost discipline and increased use of data throughout the operations. I'm really happy to see growth and improved profit in all markets bu...