Sweden · Delayed Price · Currency is SEK Storskogen Group AB Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 delivered 5% sales growth and 2% higher adjusted EBITDA, driven by organic gains and strong industry performance. Four acquisitions and reduced debt increased M&A capacity, while cash flow and margins remained stable. Outlook for H2 is cautiously optimistic with a focus on operational improvements and acquisitions.
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Organic sales grew 2% in Q1 2026, but earnings declined due to margin pressures, especially in Services. Cash flow and leverage improved, and M&A activity is set to accelerate as debt reduction needs decrease. Positive trends are expected in Q2, with margin support from a stronger SEK.
Fiscal Year 2025
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Sales reached SEK 33.1 billion in 2025 with 2% organic growth, but profitability was mixed due to FX headwinds. Cash flow and balance sheet remain strong, acquisitions resumed, and management expects improved demand and greater M&A contribution in 2026.
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Q3 sales held steady at SEK 8 billion with strong cash flow and improved net profit, driven by lower interest costs and tax rates. Share buybacks and selective acquisitions, including Frameda, support long-term growth, while leverage and liquidity remain robust.
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Q2 saw a 9% sales decline, but margins improved to 10% and net profit rose 8% year-over-year. Strong cash flow and refinancing lowered debt and interest costs, enabling resumed acquisitions of high-margin businesses. Cautious optimism remains amid ongoing macro uncertainty.
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Q1 2025 saw margin expansion, strong cash flow, and a 5% sales decline mainly from divestments, with organic growth in trade and industry. Leverage and liquidity improved, and the group is preparing for renewed acquisitions as market activity and order intake rise.
Fiscal Year 2024
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Q4 saw record cash flow, margin expansion, and strong organic EBITDA growth, driven by divestments and operational efficiency. Leverage reached a multi-year low, setting the stage for resumed acquisitions in 2025. Margin improvements in Services and Trade were especially notable.
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Sharpened strategy prioritizes resilient, profitable growth by reallocating capital to less cyclical, high-margin sectors and core markets, with a 15% EBITDA CAGR target for 2025-2027. Operational excellence, active ownership, and sustainability are central, supported by strong cash flows and disciplined M&A.
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Q3 saw improved margins and profitability driven by divestments and operational initiatives, with all business areas posting positive organic sales growth. Leverage and liquidity improved, and the outlook remains cautiously optimistic with a focus on organic EBITDA growth.
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Q2 2024 saw SEK 9.2 billion in sales and 2% organic growth, with margin improvements and strong cash flow. Strategic divestments enhanced profitability and reduced earnings volatility, while all business areas showed positive organic sales growth.
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Nine underperforming business units were divested to sharpen strategic focus and improve profitability, resulting in SEK 920 million in impairments and a 0.7% boost to group profitability. The transaction structure includes initial proceeds, loan conversion, and future gains tied to asset sales.