MilDef Group AB (publ) (MILDEF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Please Daniel. Thank you Olof for that introduction and warm welcome to all of you that are here in the high peak summer period in Sweden joining this YouTube conf call for Milllöv. This is the areas we will try to cover today. We will have some highlights for the second quarter and post that we will have some more clarifications on the financial side and then we will have a summary and of course in the end a Q&A session. But let's start with slide number three then and look at the highlights for the second quarter. Q2 was a strong quarter when it comes to the delivery execution and with a high operating leverage indicating that our investments and efforts into increased delivery capacity has not really started to pay off. Net sales grew by 64% purely organic and operating profit EBITDA grew with almost 300%, which is, to me, a clear evidence of the operating leverage and the scalability in the business model that we have stated before. If we continue, we saw a good market momentum. We continue high demand across the entire middle of portfolio. The demand for advanced military IT solution is increasing. We have an offering that clearly meets the requirements set by the customers. The slightly lower order intake in the second quarter compared to the same quarter last year should be seen more as a reflection of the volatility between individual quarters. The gross margin was clearly improved here also in the second quarter. Total gross margin ended up on 51.9% and we can compare that to 46% in the same period last year. This was an increase that was driven by a profitable sales mix in the second quarter, more specifically driven by a higher share of sales that is related to software and solution in the second quarter. And those items is bearing in higher gross margin t...