Citira (CITRA) Q2 2026 earnings summary

Executive summary

• Earnings momentum continued, with Q2 revenue growing 67% year-over-year and adjusted EBITDA up 138%, driven by operational improvements, resilience in a challenging market, and strategic acquisitions.

• Like-for-like revenue rose 2% in constant currencies (1% in SEK), and like-for-like adjusted EBITDA increased 3% year-over-year for the quarter and 17% for the first six months, reflecting cost discipline and operational efficiency.

• Eleven acquisitions completed in H1, including entry into the UK and major expansion in Sweden and Finland, with the announced acquisition of Malte Månson broadening the heavy vehicle service offering.

• Financing platform strengthened with SEK and inaugural EUR bond issues, supporting ongoing expansion.

Financial highlights

• Q2 2026 revenue reached SEK 1,076m, up 67% year-over-year; LTM revenue at SEK 3,718m, up 81%.

• Adjusted EBITDA for Q2 was SEK 181m, up 138% year-over-year; LTM adjusted EBITDA at SEK 549m, up 109%.

• Gross margin for Q2 was 17%, up from 12% last year; LTM gross margin at 14%.

• Profit before tax in Q2: SEK 49.6 million (Q2 2025: SEK -10.9 million); H1: SEK -133.4 million (H1 2025: SEK -124.4 million).

• Net debt at period end: SEK 2,909.4 million, 5.30x LFL adjusted EBITDA.

Outlook and guidance

• Macroeconomic uncertainty and elevated input costs expected to persist.

• Q3 anticipated to be seasonally slower before increased activity in Q4.

• Focus remains on commercial strength, operational efficiency, synergy realization, and integration of acquisitions.

• Attractive pipeline of acquisition opportunities identified.