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Consumer CyclicalsSmall Cap

Denmark's AO Johansen Q2 revenue rises, aided by acquisition; lifts 2026 outlook

Denmark's AO Johansen Q2 revenue rises, aided by acquisition; lifts 2026 outlook


Overview

  • Denmark technical materials distributor's Q2 revenue rose 11.6% yr/yr, EBITDA up 20.9%

  • Company raised 2026 revenue guidance, maintains EBITDA and EBT outlook

  • AO completed JMV Cables acquisition; Elektroimportøren deal expected to close in August


Outlook

  • Company raises 2026 revenue guidance to DKK 6,600–6,750m from DKK 6,400–6,600m

  • Company maintains 2026 EBITDA guidance at DKK 460–500m, including DKK 20m in acquisition costs

  • 2026 guidance excludes Elektroimportøren, to be incorporated after acquisition completion


Result Drivers

  • B2B SEGMENT GROWTH - Co said increased market activity and market share gains in B2B drove revenue growth

  • B2C SEGMENT AND ACQUISITION - Co said B2C segment delivered solid organic growth, supplemented by the addition of VVS-Eksperten.dk

  • HIGHER THAN EXPECTED GROWTH - Co said revenue growth was higher than expected, with both B2B and B2C segments delivering strong growth


Company press release: ID:nGNEbYY3B4


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Net Revenue

DKK 1.67 bln

Q2 EBITDA

DKK 112.7 mln

Q2 EBITDA Margin

6.7%

Q2 EBT

DKK 62.4 mln

Q2 Revenue Growth

11.6%


Reuters Recommended Reads

  • Aug 17 - Denmark's Royal Unibrew Q2 revenue slightly beats; DKK 300 mln buyback launched

  • Aug 17 - Sweden's Kjell Group Q2 sales rise on improved inventory availability

  • Aug 17 - Switzerland's Trifork Q2 revenue rises on Products segment growth, reiterates 2026 outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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