Half Year 2026 SKAN Group AG Earnings Call Transcript
Key Points
- Order intake increased by 16.3% to CHF247.6 million, with strong momentum in the US and solid demand in Europe.
- Order backlog grew by 27.8% to CHF442 million, providing good visibility into 2028.
- Net sales rose by 22.2% (24% at constant currencies), with organic growth of 13.3%.
- EBITDA improved significantly from CHF0.9 million to CHF15.3 million, with margin up from 0.7% to 9.3%.
- Service & Consumables segment grew strongly, with order intake up 55% and net sales up 47.2%, now representing 39.3% of group net sales.
- EBITDA margin of 9.3% remains below the target range of 13-15%.
- Order intake in Asia declined significantly from CHF20.8 million to CHF9.1 million due to timing of large orders.
- Service & Consumables EBITDA margin softened to 20.1% from 22.8% due to product mix and timing effects.
- CHF15-20 million of order backlog remains subject to potential cancellation risk, though unchanged from year-end.
- Competition has intensified, with customers more selective and decision cycles longer, requiring more effort to win business.
Good afternoon, everyone. Thank you for joining today's conference call. This morning, we published our half year 2026 results. Joining with me today is our CFO, Burim Maraj; and our Investor Relationship Manager, Thomas Balmer. Together, we will walk you through the key highlights of the period before opening the call for questions.
Let me briefly walk you through the agenda today. I will begin with an overview of the first half, followed by an update on our strategic progress. Burim will then discuss the financial results in more detail. I will conclude with our outlook, and then we will be happy to take your questions. Let me highlight a few key achievements from the first half.
We delivered strong growth and improved all key financial metrics compared to the previous year. Order intake increased by 16.3% to CHF247.6 million. Market momentum improved, particularly in the US, while demand in Europe remains solid. Our sales teams did an excellent job in winning several large and complex
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