LumenRadio (LUMEN) Q2 2026 earnings summary

Executive summary

• Q2 2026 net sales increased to 62.3 MSEK, up from 55.3 MSEK, with organic growth of 14.0%.

• EBITDA improved to 13.2 MSEK (21.1% margin), up from 0.2 MSEK last year; net profit was 8.0 MSEK, reversing a prior loss.

• Maintained gross margins above 65% over the last 12 months, reaching 70.6% in Q2 2026.

• Achieved a five-year CAGR of 25%, with 70% of revenues from recurring-like design win revenues.

• Operates in lighting control and building automation, with global presence in five countries.

Financial highlights

• Lighting Control net sales grew 20.4% year-over-year to 42.1 MSEK, with organic growth of 21.2%.

• Building Automation net sales were 20.2 MSEK, nearly flat year-over-year, with 1.7% organic growth.

• Group EBITDA margin for the last 12 months was around 18%; Q2 2026 EBITDA margin was 21.1%.

• Cash and equivalents at period end were 121.6 MSEK, up from 85.8 MSEK; cash flow for Q2 was 7.8 MSEK, reversing a negative flow last year.

• H1 2026 revenue rose 8.3% to 120.5 MSEK, with organic growth of 12.7%.

Outlook and guidance

• Short-term outlook remains positive, with good traction in lighting control and building automation.

• No tangible effects from global turbulence, including the Middle East, due to limited exposure.

• Long-term financial targets: revenue >500 MSEK by 2030 and average EBITDA margin >20%.

• Internal efforts to standardize product assortment and improve supplier collaboration are expected to support future margin improvements.

• Continued delivery on a major $5.7 million USD smart metering order expected into Q1 next year.