Sweden · Delayed Price · Currency is SEK Röko AB Earnings Call Transcripts
Fiscal Year 2026
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Net sales and adjusted EBITDA saw strong double-digit growth in Q2 2026, driven by acquisitions and organic gains, despite ongoing market uncertainty from trade tariffs and Middle East disruptions. Leverage increased due to investments, but cash flow and returns improved.
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Organic growth reached 6% and net sales rose 9% in Q1 2026, with three acquisitions completed and a strong M&A pipeline. Margins declined slightly due to mix and acquisition effects, while leverage increased but remains within comfortable limits.
Fiscal Year 2025
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Profit growth in 2025 was below expectations due to political and currency headwinds, but margin improvements and acquisitions supported EBITDA growth. Management remains optimistic about accelerating M&A, targeting 15% annual EBITDA growth over five years.
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Profit growth and organic development lagged expectations due to sector-specific challenges and acquisition delays. EBITDA rose 11% and sales 6% year-to-date, with improved margins and stable leverage. Acquisition competition and valuation remain key hurdles.
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EBITDA grew 11% and sales rose 6% year-to-date, with margin improvements and accretive acquisitions. Free cash flow declined due to IPO costs, while leverage remained stable and the acquisition pipeline is more active in 2025.