Guideline Geo AB (publ) (GGEO) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello. Welcome to our Q2 report. And for Swedes, welcome back from the Swedish summer period. My name is Molly Silberg. I'm the CEO of Guideline Geo, and I will introduce to you the Q2 report to you. But first, for any newcomers, this is Guideline Geo in brief. We are your guide to the subsurface. We design, manufacture non-distracting geophysical solutions for subsurface surveys. Our main applications are utilities. General ground investigations prior to any type of infrastructure or construction work and groundwater management, groundwater exploration and groundwater monitoring. We're listed on the First North growth market. We have a hundred year history. And one of our uniquenesses is that we have a true global reach through our partners, our distributors, but also some direct sales through our subsidiaries. And we are on a growth journey. Moving on to first half year. If we start with Q2 we were up 7% in sales and we improved our profitability both EBITDA on EBIT even if the EBIT is still slightly negative for the quarter. We see a positive operating cash flow stronger than last year and we are still at the growing and a solid net cash situation. We do have quarter by quarter fluctuations. For those of you who know us, follow us, you see that. If we can compare first half years, we were up 3% on net sales and we continue systematically to improve our EBITDA and EBIT throughout the last three years. And I'll come back to that a bit later. We are an export company. Our sales is mainly in US dollars, euros and some in Australian dollars. More than 95% of our sales is exported from Sweden. Our cost base is mainly in SEK. Our employees, two thirds are in Sweden and our supply chain is in our sustainability focus and it is mainly in Sweden. This means that we have a h...