Hexatronic Group AB (publ) (HTRO) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Hexatronic 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. If you are listening to the presentation via webcast, you can ask written questions using the form below. Now, I will hand the conference over to CEO Reichard Froberg. Please go ahead. Good morning, everyone, and welcome to this second quarter earnings call for Hexatronic. I'm Rickard Föberg, Group CEO, and with me, as usual, I have Martin Åberg, Deputy CEO and Head of the Data Center Business, as well as our CFO, Pernilla Lindén, and Patrik Johannesson, Head of Investor Relations. And we have a strong quarter to present today. Net sales were 2.2 billion SEK, which is 18% growth, of which 11% organic. Now adjusted EBITDA was right on 10% margin, 224 million SEC, which is a 33% increase year on year. We will talk about adjusted EBITDA in this presentation, but I just want to mention that there are no adjustments in the quarter. This is for consistency with previous quarters. So what you see is what you get. Also, the strategic business shift continues where we see that, in particular, the data center business continues to play an ever increasing role at hexatronic. As of now, data center and harsh environment business representing about 40% of net sales and about half of the adjusted EBITDA. But also on a geographical note, there is a shift in the business that's going on. The North American business is growing rapidly, and it now accounts for 44% of the total, and it was 34% a year ago. We saw, in particular, strong organic growth in the data center business, which grew at 27% organically, and fiber solu...