Netel Holding AB (NETEL) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Natel Q2 Report for 2026. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answer session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to CEO and President Jeanette Ruderskild and CFO Frederick Hellenius. Please go ahead. Good morning and welcome to our presentation of our second quarter's results. My name is Jeanette Reiterskjöld and I'm president and CEO of Netel. And with me, I have usually Fredrik Helene, our CFO. During today's presentation, I will start by running through the key developments in the second quarters, as well as information about announced intended merger with Infria. I will also give you a market update and highlights from our recent business wins in the quarter. And Fredrik will then, as usually, go through the financials in more detail before I make a short summary and we open up for questions. Netea's performance in the second quarter followed the normal seasonal pattern with increased product volumes and improved revenue compared with the first quarter. Net sales declined in both second quarter and year to date compared with prior year, while adjusted EBITDA and the adjusted EBITDA margin also decreased. In the second quarter, net sales amounted to 725 million compared with 775 million last year and adjusted EBITDA declined to 24 million from 39 million. Year-to-date, net sales amounted to 1.3 billion compared with 1.45 billion, while adjusted EBITDA decreased to 34 million from 61 million, corresponding to an adjusted EBITDA margin of 2.6% compared with 4.2%. Activity remains high, particularly within infraservices and power, supported by strong demand from investments in critical infra...