Lindab Q2 adjusted EBIT misses estimates on weak demand, pricing competition

Lindab International AB

17/07/2026 06:11

Overview
Sweden ventilation solutions firm's Q2 sales rose 2%, beating analyst expectations
Adjusted EBIT for Q2 missed analyst expectations due to higher input and transport costs
Company finalized Romanian subsidiary divestment and acquired Irish ventilation distributor in July

Outlook
Company expects European ventilation market to begin growing cautiously in 2027
Lindab sees stabilising market for Profile Systems in Scandinavia with growth prospects in 2027
Company says challenging market conditions and margin pressure expected to persist in European construction sector

Result Drivers
HIGHER COSTS - Co said increased input material and transportation costs, linked to geopolitical disruptions, weighed on operating profit and margins
WEAK DEMAND & PRICE COMPETITION - Lower profitability in Germany, France and the Netherlands was attributed to weak demand and intense price competition
PROFILE SYSTEMS RECOVERY - Profile Systems reported 5% organic sales growth after a challenging Q1, but margins remained under pressure from higher material and transport costs

Company press release: ID:nWkr9tb6R0

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
SEK 3.31 bln
SEK 3.21 bln (3 Analysts)
Q2 Adjusted EPS
 
SEK 1.77
 
Q2 Net Income
 
SEK 137 mln
 
Q2 Adjusted EBIT
Miss
SEK 218 mln
SEK 248.50 mln (3 Analysts)
Q2 EBIT
 
SEK 218 mln
 
Q2 Organic Growth
 
1.00%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy."
Wall Street's median 12-month price target for Lindab International AB is SEK149.00, about 5.5% above its July 16 closing price of SEK141.20
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

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.)