Sweden's MilDef Q2 sales up 64% on increased delivery capacity
Sweden's MilDef Q2 sales up 64% on increased delivery capacity
Overview
Sweden defense IT supplier's Q2 net sales rose 64% yr/yr, all growth organic
Adjusted EBITA margin improved to 15.8% from 6.5% on favorable sales mix
Q2 order intake fell 17% yr/yr, reflecting quarter-to-quarter volatility
Outlook
MilDef says investments and expanded capacity position it to meet rising demand in H2 2026
Company expects continued supply chain challenges for electronic components, mitigated by proactive measures
MilDef sees security and defense issues as high priority, supporting demand for its solutions
Result Drivers
SALES MIX - Gross margin improved due to higher growth in system and integration solutions and software
DELIVERY CAPACITY - Investments in increased delivery capacity supported higher sales and profitability, per CEO Daniel Ljunggren
SUPPLY CHAIN MANAGEMENT - Proactive actions to secure electronic components helped ensure deliveries
Company press release: ID:nMFN92nCqC
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| SEK 630 mln |
|
Q2 Gross Margin |
| 51.90% |
|
Q2 Orders |
| SEK 731 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for MilDef Group AB is SEK220.00, about 18.8% above its July 15 closing price of SEK185.20
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 22 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.)