Idun Industrier AB (publ) (IDUN_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the conference call. My name is Carl Korsheden and I work as an equity research analyst here at the D&B Carnegie focusing on acquisition driven compounders with Eden being one of the companies I have the pleasure of of following with me in the studio. I'm joined here by Iduns CEO and CFO, Henrik Mella and Oskar Samuelsson, who will walk us through the quarter, which will be followed by a Q&A session. And during this Q&A session, you are very much encouraged to participate. We do have a chat function. So if you have any questions, feel free to type them in the chat and we will make sure to cover them here in the studio. So with that said, I'll leave the word over to you and the second quarter. Thank you and welcome to this Q2 call for IDEN Industrier. A few quick words about IDEN Industrier. We are a growing group of industrial companies, 22 companies in total, with a net sales of 2.5 billion and a VITA of rolling 12-month 336 million. We have those two business unit manufacturing and service and maintenance companies and we, in terms of being an investor, we invest in market leading companies and for us the pilot school is very important to our business model. We are a primarily Nordic group of companies and more than 90% of our sales is generated in the Nordics. With that introduction, let's go to this quarter. So second quarter 2026, net sales growth 12.7% to 668 million, EBITDA growth to 96 million or up 7.4%. The organic sales growth was rather slow at about 1%. However, we had a negative organic EBITDA growth this quarter of 7.7% or 7 million. That is not something we were very happy with and due to basically a couple of companies performing worse than expected in this quarter. We had a solid cash flow of 74 million, slightly more than last ...