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Edge14 Aug 2026
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Boreo
Boreo (BOREO) investor relations material
Boreo Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary6 Aug, 2026
Executive summary
Achieved seventh consecutive quarter of organic growth, with Q2 2026 sales up 12% to EUR 45.1 million and organic growth at 7%; H1 2026 net sales rose 14%, driven by both organic expansion and acquisitions.
Operational EBIT increased 19% year-over-year in Q2 to EUR 2.6 million, with margin improving to 5.7% from 5.4%; H1 operational EBIT up 21%.
Strong cash flow generation enabled deleveraging and supports ongoing M&A activities, with operative net cash flow at EUR 1.6 million in Q2.
Order books continue to grow, especially in Technical Trade and defense-related businesses, with industrial and defense sectors showing improving demand while construction remains subdued.
Both Electronics and Technical Trade business areas contributed to growth, with Electronics up 15% and Technical Trade up 10% in Q2.
Financial highlights
Q2 2026 net sales: EUR 45.1 million (+12%); H1 2026 net sales: EUR 84.6 million (+14%).
Q2 operational EBIT: EUR 2.6 million (+19%); H1 operational EBIT: EUR 4.3 million (+21%).
Operational EBIT margin improved to 5.7% from 5.4% in the prior year.
Net cash flow from operating activities: EUR 1.6 million in Q2 (2025: -0.5 million), EUR 3.7 million in H1 (2025: -0.2 million).
Gross margin stands at 29%, with ongoing focus on margin management.
Outlook and guidance
Management expects continued sales and profitability growth, supported by operational gearing, robust order books, and ERP benefits.
No separate short-term financial guidance; long-term targets: minimum 15% average annual operational EBIT growth, minimum 15% ROCE, net debt to operational EBITDA between 2 and 3.
M&A activity is expected to result in additional deals before year-end, with focus on disciplined acquisitions and balance sheet strengthening.
Short-term outlook for both business areas remains stable, with gradual improvements anticipated.
Strong order books, over 25% higher than last year, support continued growth into the second half of 2026.
Impact of hybrid loans on leverage reporting
Structural path to the 15% ROCE target
Milcon growth prospects in the defense sector
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Latest events from Boreo
- Strong sales and operational EBIT growth, with robust cash flow and improved order books.BOREO
Q1 2026 - Net sales and earnings rose strongly in 2025, with Technical Trade driving Q4 growth.BOREOQ4 2025
- Q2 2024 saw a 20% sales drop but improved EBIT margin and cost discipline, with Q4 outlook stronger.BOREOQ2 2024
- Q3 2025 sales up 16% year-over-year, with strong cash flow and new CEO appointed.BOREOQ3 2025
- Q2 2025 saw 19% sales growth, improved leverage, and acquisitions amid ongoing uncertainty.BOREOQ2 2025
- Sales and profits fell sharply, but cost savings and order book gains support cautious optimism.BOREOQ3 2024
- Q1 saw 4% sales growth, 128% EBIT increase, margin gains, and key acquisitions.BOREOQ1 2025
- Profitability held despite a 17% sales drop; electronics excelled, outlook for 2025 is positive.BOREOQ4 2024
Next Boreo earnings date
Q3 202629 Oct, 2026
Boreo
Next Boreo earnings date
Q3 202629 Oct, 2026
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