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GROUP DEVELOPMENT

SECOND QUARTER

Net sales increased by 6 percent to SEK 2,721 million (2,578). Organic growth amounted to 3 percent and acquired growth to 3 percent. Organic growth was negatively impacted by the divestment of the endoscopy operations in the United Kingdom in December 2025, corresponding to SEK 30 million. Adjusted for the divestment, organic growth amounted to 4 percent. Exchange rate effects had a marginal impact on net sales during the quarter.

EBITA increased by 11 percent to SEK 342 million (307) and the EBITA margin amounted to 12.6 percent (11.9). Exchange rate effects had a marginal impact on EBITA.

Net financial items amounted to SEK -47 million (-54) and profit after financial items totalled SEK 189 million (146). Net financial items primarily include interest expenses related to the financing of previous acquisitions as well as exchange rate effects. Interest expenses amounted to SEK 43 million (52) and exchange rate losses to SEK 4 million (0).

Profit after tax increased by 30 percent to SEK 130 million (100), and the effective tax rate was 31 percent (29). The slightly high effective tax rate is attributable to the effect of non-deductible interest expenses.

Chart: Net sales quarter
Chart: EBITA quarter
Chart: Net sales
Chart: Adjusted EBITA

JANUARY – JUNE, 2026

Net sales increased by 2 percent to SEK 5,366 million (5,280). Growth, excluding exchange rate changes, amounted to 4 percent, of which organic growth was 2 percent and acquired growth was 2 percent. Organic growth was negatively impacted by the divestment of the endoscopy business in the UK in December 2025, corresponding to SEK 93 million. Adjusted for the divestment, organic growth amounted to 3 percent. Exchange rate changes had a negative impact on net sales of SEK 113 million, corresponding to 2 percent.

EBITA increased by 4 percent to SEK 674 million (650) and the EBITA margin amounted to 12.6 percent (12.3). Currency effects had a negative impact on EBITA of SEK 13 million, corresponding to 2 percent.

Net financial items amounted to SEK -93 million (-117) and profit after financial items totalled SEK 372 million (318). Net financial items mainly include interest expenses related to the financing of previous acquisitions as well as exchange rate fluctuations. Interest expenses amounted to SEK 85 million (109) and exchange rate losses to SEK 6 million (1).

Profit after tax increased by 17 percent to SEK 258 million (220), and the effective tax rate was 31 percent (30). The slightly high effective tax rate is attributable to the effect of non-deductible interest expenses.

Chart: Net sales January - June
Chart: EBITA January - June

 

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