Troax Group AB (publ) (TROAX) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi everyone and welcome to the interim report for the second quarter for Trovax Group. My name is Martin Nyström and I'm the President and CEO of the Group. Today I'll walk you through the quarter, the financial outcomes and the key events before we open up for a Q&A towards the end. I will start by sharing the presentation. So without further ado, let's dive into the quarter. The second quarter was a record strong quarter from a top line point of view. The Group reports a 51% increase and our sales grew by 23%. And I'm particularly pleased, of course, by the fact that we saw order intake growing both organically as well as through our acquisitions. Our sales increased by 23% driven by our acquisitions and our organic invoicing declined in the quarter, which was due to the order mixed up we had late in the first quarter, where we had several mid-sized orders with longer lead time and also with deliveries going into the second half of the year. It was also pleasing to see the North American deliveries picking up pace after a slow start of the year after the transition of our inventory and our pick and pack operations from Chicago to Portland. Overall, I'd say we had a strong quarter, but I would also say that it's difficult to predict the demand in general, but there were clearly positive signs and areas that I would like to highlight. During the quarter, we saw solid recovery in the warehousing segment, both in Europe as well as in North America. And we also experienced solid activity and orders from the data center segment. On the more challenging side, we continue to be impacted by the challenging situation in the European as well as the Chinese automotive sectors. If I turn to profit, our adjusted EBITDA profitability came in at 13.0%. Our gross profit was in line...