Q2 2026 Systemair AB Earnings Call Transcript
Key Points
- Systemair AB (FRA:52SA) achieved an all-time high in sales and operating profit for the second quarter.
- The company reported an organic growth of 8.2%, marking the fifth consecutive quarter of organic growth.
- Systemair AB expanded its manufacturing capabilities with a new facility in Saudi Arabia, enhancing its presence in the Middle East.
- The acquisition of Nadi in India contributed positively to net sales, reflecting strategic growth in the Indian market.
- The company received industry recognition for its innovative products, such as the Menerga CO2mpass air-handling units, which won the Heat Pump Innovation of the Year Award.
- Currency conversion had a negative impact on sales, with a 5.6% reduction due to the strengthened Swedish krona.
- The North American market showed mixed signals, with uncertainty affecting future growth prospects.
- The Norwegian market experienced a decline, impacting overall performance in the Nordic region.
- Systemair AB faced increased selling and administrative expenses, which rose by SEK9 million in comparable units.
- The company's net debt increased due to investments in factories and acquisitions, affecting financial leverage.
(Operator Instructions) Now I will hand the conference over to the President and CEO, Roland Kasper; and CFO, Anders Ulff. Please go ahead.
Good morning, everyone. Anders Ulff is here. And welcome to the presentation of Systemair's second quarter report for the financial year 2025, '26. it's going to be the last report presented by our CEO, Roland Kasper. I would like to take the opportunity to thank Roland for a very good cooperation over the years.
We will now start off with a short presentation of our second quarter and then we'll open up for questions. Presentation you will find as usual on our Investor Relations website, and with that I hand over to Roland.
Thank you, Anders, and good morning, everyone. Welcome to our second quarter report. Let's dive into the report right away by that, switching to our second slide, which is a little bit of the agenda. We'll start off
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