Tellusgruppen (TELLUS) investor relations material

Executive summary

• Revenue for Q2 2026 increased by 10.4% year-over-year to 150.2 MSEK, with organic growth of 6.4% and acquired growth of 4.0%.

• EBITDA for Q2 was 23.9 MSEK (margin 15.9%), down from 25.2 MSEK (18.5%) last year, mainly due to higher external costs and increased vacation liabilities.

• A significant acquisition of Danderyds Enskilda Skola AB was completed, strengthening the core business and regional presence.

• The proprietary AI platform Kentaur was launched in preschools, aiming to replace external systems and improve efficiency.

Financial highlights

• H1 2026 revenue rose 7.8% year-over-year to 288.3 MSEK, with 5.7% organic and 2.0% acquired growth.

• H1 EBITDA was 41.9 MSEK (margin 14.5%), slightly down from 42.5 MSEK (15.9%) last year.

• Net income for Q2 was 3.3 MSEK (5.6 MSEK last year); H1 net income was 1.4 MSEK (2.6 MSEK last year).

• Cash flow from operations in H1 was 59.5 MSEK (61.7 MSEK last year); liquidity at period end was 18.1 MSEK.

Outlook and guidance

• No formal forecasts provided, but management emphasizes continued financial discipline and growth through organic expansion, acquisitions, and innovation.