Q2 2026 Exsitec Holding AB Earnings Call Transcript
Key Points
- Exsitec Holding AB (OSTO:EXS) reported a 12% growth in Q2 net sales compared to the previous year, with an 8% organic growth rate.
- The company achieved a 19% year-on-year increase in recurring software revenue, providing a stable and predictable revenue base.
- The acquisition of Amesto Solutions strengthens Exsitec's market position in Norway and enhances its platform for future growth across the Nordic region.
- Exsitec's adjusted EBITA margin improved to 20% in Q2, slightly higher than the same quarter last year.
- The company's trainee program continues to be a significant driver of long-term growth, with 40% of employees starting as trainees.
- Despite improvements, the general market sentiment remains cautious, with customers delaying minor updates and adjustments.
- Denmark's performance lags due to weak demand and lower consulting efficiency, prompting headcount reductions and reallocation of resources.
- The company incurred one-off costs totaling SEK13 million related to the Amesto Solutions acquisition and restructuring in Norway.
- Exsitec's Danish operations did not meet margin expectations, necessitating capacity adjustments to align with demand.
- The integration of Amesto Solutions is ongoing, with cost synergies yet to be fully realized, impacting short-term profitability.
Hi, everyone, and welcome to this web presentation of the Exsitec Q1 (sic - Q2) report. My name is Carl Ãberg, and I will be moderating this presentation. Presenting today will be Group CEO, Niklas Ek; and Group CFO, Carl Arnesson. (Event Instructions)
With that, I hand it over to you, Niklas and Carl.
Thank you. Hello, everyone. This is Niklas Ek speaking. I am the CEO at Exsitec, and I will start off by making a short recap about our business, as a reminder what we do. After that, we will cover Q2 financials and a short market update and also our priorities going forward.
We are Exsitec, making IT work together, which is to deliver digital solutions that improve our customers' businesses, and we aim to be a one-stop shop to the customer. We do this by selecting different softwares and develop in-house integrations that can be reused.
By implementing different software and provide long-term support, we aim to
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