Q2 2026 KB Components AB Earnings Call Transcript
Key Points
- Asia delivered strong 30% organic growth with a 24.1% adjusted EBITDA margin, driven by solid performance in China and India.
- Europe showed stable performance with 3% organic growth and a 14.8% adjusted EBITDA margin, supported by successful integration of acquired units.
- North America began production ramp-up for Rivian's R2 model, with volumes expected to more than double in Q4 compared to Q3.
- Management successfully mitigated raw material price increases through strategic purchasing and customer price adjustments, maintaining margins.
- The acquisition of Rabogino in Poland adds approximately SEK200 million in turnover and expands the group's footprint in a key market.
- Group organic growth was negative at -2%, impacted by a SEK25 million decline in project sales from tooling.
- North America's adjusted EBITDA margin fell to 7.3% from 11.2% year-over-year, due to lower tooling sales and startup costs for the R2 ramp-up.
- Net debt excluding leases rose to SEK810 million, with net debt to adjusted EBITDA increasing to 2.7x from 1.7x a year ago.
- Currency effects negatively impacted sales by 2% globally, with a 9% negative impact in Asia.
- The production relocation from Germany to Slovakia and Lithuania is ongoing and will not yield profit improvements until late 2026 or early 2027.
Hello and warm welcome to today's broadcast with KB Components, who will be presenting the report for the second quarter of 2026. With us, we have CEO, Magnus Andersson; and CFO, Mikael Grindborn. A warm welcome to you both. At the end of the broadcast, there will be a Q&A session, so if you wish to ask questions, you can do so via the form found to the right of the broadcast. And if you're calling in. Press *9 to raise your hand and *6 to unmute yourself when giving the word. And with that said, I head over to you guys. The floor is yours.
Thank you very much. This is Magnus Andersson here and broadcasting the Q2 report of KB Components. So welcome.
Yeah, and here I have Michael Greenborn as well.
So in today's agenda, we will start with a brief introduction of the KB Components Group,
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