Gullberg & Jansson (GJAB) Q2 2026 earnings summary

Executive summary

• Strong Q2 performance with net sales up 28.5% year-over-year to 124.3 MSEK and EBITA up to 18.8 MSEK from 10.4 MSEK, driven by robust growth in Park & Miljö and improved results in Hem & Trädgård.

• First half 2026 net sales rose 13.0% to 159.7 MSEK, EBITA doubled to 13.0 MSEK, and net income after tax increased to 10.5 MSEK from 3.5 MSEK year-over-year.

• The group completed the divestment of Energi & Klimat, focusing future growth on Hem & Trädgård and Park & Miljö.

Financial highlights

• Q2 2026 net sales: 124.3 MSEK (96.7), EBITA: 18.8 MSEK (10.4), net income after tax: 17.8 MSEK (8.6), EPS: 2.04 SEK (0.98).

• H1 2026 net sales: 159.7 MSEK (141.4), EBITA: 13.0 MSEK (6.4), net income after tax: 10.5 MSEK (3.5), EPS: 1.20 SEK (0.42).

• Q2 gross margin improved to 29.3% (28.8%), EBITA margin to 15.1% (10.8%).

• Cash flow from operations for H1: -5.9 MSEK (21.8); Q2: 6.5 MSEK (22.7).

• Equity at period end: 125.2 MSEK, soliditet 52%.

Outlook and guidance

• Focus remains on increasing sales, strengthening profitability, and improving operational efficiency.

• No full-year earnings guidance provided for 2026.

• Long-term ambition is profitable growth both organically and via acquisitions.