Sweden's Nederman Q2 sales fall on low orders earlier; says orders now hit record high

Nederman Holding AB

16/07/2026 07:12

Overview
Sweden environmental tech firm's Q2 orders rose 6.3% currency-neutral to a new record
Q2 net sales fell 3.7% currency-neutral, while adjusted EBITA margin dropped to 8.3%
Company says lower sales and profitability reflect weaker orders at start of year

Outlook
Company sees growing order activity and a strong pipeline for larger projects ahead
Company notes ongoing market uncertainty linked to the geopolitical situation
Nederman expects continued growth in service revenue and recurring business

Result Drivers
WEAK START-OF-YEAR ORDERS - Co said lower Q2 sales and profitability were mainly due to weaker orders received at the start of the year
SERVICE BUSINESS GROWTH - Co said service revenue continued to grow, supporting recurring revenue and higher profitability
OPERATIONAL EFFICIENCY INITIATIVES - Co said investments in more efficient production and logistics supported margins

Company press release: ID:nWkrbRwL29

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
SEK 1.36 bln
 
Q2 EPS
 
SEK 1.54
 
Q2 Net Income
 
SEK 53.80 mln
 
Q2 Adjusted EBITA
 
SEK 113.70 mln
 
Q2 Adjusted EBITA Margin
 
8.30%
 
Q2 Orders
 
SEK 1.48 bln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy."
Wall Street's median 12-month price target for Nederman Holding AB is SEK149.50, about 15.2% above its July 15 closing price of SEK129.80
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 13 three months ago

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(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.)