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

Broedrene A & O Johansen A/S

17/08/2026 17:10

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.)