Instalco AB (publ) (INSTAL) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Instalco Q2 presentation 2026. For the first part of the conference call, the 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 the speakers. Please go ahead. Okay, welcome to this presentation of Instalco's report for the second quarter of 2026. And my name is Per Sjöström, I'm CEO of Instalco. And with me today is our CFO, Kristina Kasperger. And for the Q&A part, our head of IR, Matilda Eriksson. In short, I will say that we see the effect from the changes we have implemented and that Q2 is an important step for Instalco in the right direction. So, as always, I will start with a short snapshot of Instalco today. We are the leading installation Group across the Nordics with an established platform also in Germany, which I will get back to in this presentation. Our strength is our decentralization, local companies close to customers combined with common standards, tools and governance. And with over 6000 employees, we are exposed to market segments driven by long-term needs such as energy efficiency and electrification. Slide three. First, for a quick glance at our LTM numbers, where the majority are taking important steps in the right direction. Net sales amount to 14 billion, as you can see, and we ended the quarter with a backlog of almost 11 billion. This represents a steady book to bill of around 77%. And on top of that, we have our service businesses, which made up 35% of sales in the quarter. Our EBITDA for rolling 12 months amounted to 927 million, corresponding to a margin of 6.6%, a continued step up compared to Q1. And despite the somewhat weaker cash flow from operations in Q2, we...