Sdiptech AB (publ) (SDIP_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to our quarterly report, the second quarter. My name is Anders Mattsson, CEO of Stiptech, and I will be presenting it today together with our CFO Bengt Leidström. Before we start with the quarter, just a short intro to Stiptech for any new listener. We acquire, we develop, and we create a long-term home for niche companies within attractive infrastructure segments. Today we consist of 33 companies. We added two companies during the quarter and we operate in a decentralized structure and each company is responsible for the day-to-day operation. We divide the group into four business areas and each segment has a clear and structural underlying growth trends for the future. On the rolling 12, Diptech as a group has 4.7 billion SEK in revenues, 988 million SEK in adjusted EBD, and an adjusted EBD margin of 21.2%. And these are numbers for our core operations, excluding the companies that has been divested over the last 12 months. For today's presentation, I start lights of the quarter. On a strategic level, we are happy that we have completed the divestment program that we initiated last year in August. 11 companies plus our remaining elevator business have been sold. We have achieved a multiple around 6.5 times 2025 EBIT for the entire divestment program. And it's important to mention that the logic will be that the proceeds from the divestments will be allocated towards new acquisitions going forward. And that means for us that we are allocating capital where we find it more attractive for the future. From an M&A side, healthy M&A pace, two acquisitions in the quarter, and our pipeline has improved over the last 12 months, and it's now in a good shape for the future. We also experience a continued solid demand from our diversified portfolio within our...