ITAB Group AB (LTS:0RGW)

Q2 2026 Itab Group AB Earnings Call Transcript

Jul 16, 2026 / 08:30 AM GMT

Release Date Price: kr15.6

Transcript

Key Points

Positve

ITAB Group AB (FRA:29I0) reported stable sales and profit development in Q2 2026, with adjusted EBITDA increasing to 180 million SEK from 175 million SEK in Q2 2025.
The company successfully managed to sustain margins despite cost inflation, thanks to effective synergy execution from the HMY acquisition.
Net profit significantly increased from 21 million SEK last year to 61 million SEK this year, driven by lower restructuring costs, reduced financial expenses, and optimized tax rates.
The company has realized 50% of its targeted synergies from the HMY acquisition, with a total synergy potential of EUR 30 million annually expected by 2027.
ITAB Group AB (FRA:29I0) has a strong strategic position in the grocery segment, with robust products in retail tech and loss prevention, which are expected to drive future growth.

Negative

The company faced challenges in Italy, the UK, and the Middle East due to macroeconomic factors, impacting business performance in these regions.
There was a delay in price adjustments to reflect input cost increases, affecting profitability in Q2 and expected to continue into Q3.
Cash flow was challenging in Q2, driven by changes in sales volume and a back-heavy quarter, impacting working capital negatively.
The company experienced a high tax rate, which remains a concern, although steps are being taken to optimize it over a two-year period.
Production in Southern Europe was impacted by summer heat, which could potentially affect Q3 numbers if heatwaves persist.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ITAB.ST - Itab Group AB
Q2 2026 Itab Group AB Earnings Call
Jul 16, 2026 / 08:30AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to ITAB Group Q2 Report 2026 presentation. During the Q&A session, participants are able to ask questions by dialing pound key five on their telephone keypad. Now I will hand the conference over to the speakers, President and CEO Bjorn Boardman and CFO Andreas Helmerson. Please go ahead.

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Unidentified_2 [2]
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Good morning, everyone.

Thank you for joining and welcome to this Q2 call. We will color a little bit outside of the lines today, since this is my first quarter. We will start with a short introduction and then my take on Q2. I will then leave

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