Q2 2026 Hexatronic Group AB Earnings Call Transcript
Key Points
- Hexatronic Group AB (HTROF) reported a strong quarter with net sales of 2.2 billion SEK, marking an 18% growth, including 11% organic growth.
- The data center business continues to expand, now representing about 40% of net sales and contributing significantly to adjusted EBITDA.
- The North American market is a key growth driver, now accounting for 44% of total sales, up from 34% a year ago.
- Fiber Solutions showed a 56% improvement in EBITDA year-on-year, with a third consecutive quarter of sequentially improving EBITDA.
- The company has a strong cash flow with 84% cash conversion, contributing to a reduction in net debt and financial gearing.
- The harsh environment segment experienced a 4% organic decline year-on-year, despite a sequential improvement over the first quarter.
- The European market remains challenged, with lower activity levels expected to persist in the short term.
- Adjusted gross margin decreased by 1.4 percentage points compared to Q2 2025, due to a mix between business units and an exceptionally strong margin in the previous year.
- The dynamic cables segment faced muted demand, partly due to oil price volatility causing hesitation in CapEx projects.
- The departure of Martin Ober, Deputy CEO and Head of the Data Center Business, may impact leadership continuity in the data center segment.
Welcome to the Hexatronic Q2 2026 report presentation. For the first part of the presentation, 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. If you are listening to the presentation via webcast, you can ask written questions using the form below. Now, I will hand the conference over to CEO Reichert Froberg. Please go ahead.
Good morning, everyone, and welcome to this second-quarter earnings call for Hexatronic. I'm Rikke Ferbery, Group CEO.
And with me, as usual, I have Martin Orbij, Deputy CEO and Head of the Data Center Business, as well as our CFO, Panilla Lindien and Patrick Johanneson, Head of Investor Relations.
And we have a strong quarter to present today. Net sales were 2.2 billion SEC, which is 18% growth, of which 11% organic. And our adjusted EBITDA was right on 10% margin. 224 million SEC, which is a 33% increase year-on-year. We
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