Sweden's Wästbygg Gruppen Q2 revenue falls, order intake rises

Wastbygg Gruppen AB (publ)

20/08/2026 07:21

Overview
Sweden construction and development firm's Q2 revenue fell 33.6% yr/yr, but net loss narrowed sharply
Company reported improved cash flow from operating activities in Q2
Order intake and backlog increased, driven by industrial segment agreements

Outlook
Company did not provide specific guidance for future quarters or the full year

Result Drivers
INDUSTRIAL SEGMENT AGREEMENTS - Co said several strategically important agreements, especially in the industrial segment, contributed to increased order intake and backlog
BUSINESS FOUNDATIONS - Co said it has strengthened the foundations of the business to create better conditions for long-term profitability

Company press release: ID:nMFN4YXkhb

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
SEK 637 mln
 
Q2 Loss Per Share
 
SEK 0.04
 
Q2 Net Loss
 
SEK 6 mln
 
Q2 Adjusted Free Cash Flow
 
SEK 123 mln
 
Q2 Operating Income
 
-SEK 9 mln
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the homebuilding peer group is "buy."
The stock recently traded at 2 times the next 12-month earnings vs. a P/E of 2 three months ago

Reuters Recommended Reads
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Aug 19 - Switzerland's Implenia H1 revenue falls on decline in civil engineering division

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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.)