Q2 2026 Enea AB Earnings Call Transcript
Key Points
- Enea AB (LTS:0RP6) reported an 11% growth in their growth portfolio for Q2 2026.
- The company achieved a strong operational cash flow of SEK88 million, surpassing the total of the last four quarters combined.
- Enea AB added five new customers in Q2, with four in the growth portfolio and one in the classic portfolio.
- The government sector is a growing vertical for Enea AB, with the addition of an Asian government customer.
- The company is accelerating its AI capabilities and enhancing its offerings, particularly in national security and defense.
- Net sales in Q2 2026 declined by 3% reported and 0.8% currency adjusted, indicating a flat quarter year-over-year.
- The EBITDA margin decreased to 25% due to increased costs and investments in strategy execution.
- Geopolitical challenges in the Middle East have created unpredictability, causing deal slippages.
- Recurring revenue fell by 8% quarter-over-quarter, attributed to business dynamics and deployment delays.
- The classic portfolio experienced a decline, with Network Access Control seeing a 31% decrease in fixed currency.
Welcome to the Enea Q2 Presentation 2026, (Operator Instructions)
Now I will hand the conference over to the CEO, Teemu Salmi; and CFO, Ulf Stigberg. Please go ahead.
Thank you so much, operator, and good morning, everyone, to this Q2 call for Enea. This is Teemu Salmi speaking. And with me in the room, I have Ulf Stigberg, our CFO, as mentioned. In the next 20 minutes, we'll take you through the Q2 and first half report and numbers, and we'll end up with some questions at the end, if there might be any, both written and verbal.
But as I said, already now, we have a short introduction going through taking you through the quarter, the highlights of the quarter. We will make a deep dive into our financial results. We will end off the presentation with a way forward and our outlook as well. And it's, of course, not written here, but there is going to be time for questions at the end as well. Right.
Let's jump straight into it and look at the Q2 highlights. As you might remember,
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