Idun Industrier Posts 12.7% Q2 Sales Growth to SEK 668 Million, Driven by Acquisitions of AGB and Nordbergs

Idun Industrier reported Q2 net sales of SEK 668 million (+12.7%), EBITA of SEK 96 million (+7.4%), driven by AGB and Nordbergs deals. Organic EBITA fell 7.7%. Bond redemption to cut interest costs by SEK 8m.

Swedish industrial and service group Idun Industrier reported second-quarter 2026 net sales of SEK 668 million, up 12.7% from SEK 592 million a year earlier, primarily due to recent acquisitions, according to its interim report. Organic sales growth was a modest 0.7%. EBITA rose 7.4% to SEK 96 million from SEK 89 million, though it declined 7.7% on an organic basis amid economic uncertainty. EBITDA reached SEK 109 million, and operating cash flow stood at SEK 74 million. Adjusted earnings per share increased to SEK 4.40 from SEK 4.20.

Idun Industrier Q2: Sales Climb 12.7% to SEK 668m on AGB & Nordbergs Deals, EBITA Up 7.4%

Net sales rose 12.7% to SEK 668 million (SEK 592 million), with organic growth of 0.7%. Gross profit increased to SEK 403 million from SEK 362 million. EBITDA climbed to SEK 109 million from SEK 101 million (up about 7.9%). EBITA grew 7.4% to SEK 96 million (SEK 89 million), with the EBITA margin at 14.3% versus 15.0%. Organic EBITA fell 7.7%. EBITA attributable to ordinary shareholders was SEK 80 million (SEK 75 million). Adjusted EPS after dilution reached SEK 4.4 (SEK 4.2). Cash flow from operating activities was SEK 74 million (SEK 71 million).

In the quarter, Idun acquired 85% of Anders & Gunilla Bennarsten Service AB (AGB), a Swedish specialist in service, calibration and repair of press tools used mainly by plumbers and HVAC technicians, with annual revenues of approximately SEK 30 million and solid profitability. It also acquired 85% of Nordbergs Tekniska AB, a leading distributor of highly specialised technical engineering plastics (used in medical technology, defence, telecom and industry), with 2025 revenues of about SEK 77 million and good profitability. Ownership in Norotec (micronutrients for grain growers, related to LMI) rose from 65% to 77.5%.

Idun redeemed its outstanding SEK 220 million senior unsecured bond early and increased its revolving credit facility from SEK 450 million to SEK 670 million. As of 30 June 2026, SEK 356 million was utilised and SEK 314 million remained undrawn.

For the first half of 2026, net sales rose 14.2% to SEK 1,326 million (SEK 1,162 million), with organic growth of 2.5%. EBITA increased to SEK 186 million (SEK 167 million). On a rolling twelve-month basis, net sales reached SEK 2,462 million (up 10.5%), EBITA SEK 336 million (up from SEK 311 million), and adjusted EPS SEK 15.1 (SEK 12.7, up 18.9%).

Several group companies faced a hesitant economic climate, particularly those exposed to Swedish heavy industry. LMI and EKAB underperformed due to storms and company-specific issues. Stegaföretagen faced tough comparisons after a strong 2025.

Idun Shares Rise 2.1% to SEK 340 After Q2 Results Beat on Acquisitions and Cost Savings

Idun Industrier shares (IDUN B on Nasdaq Stockholm First North) closed at SEK 340 on 18 August 2026, up 2.10% on the day, with a five-day gain of about 1.19% and year-to-date decline of roughly 4.23%, according to MarketScreener data. The positive reaction reflected acquisition-driven top-line and earnings growth, solid cash flow, rising adjusted EPS, and the interest-cost savings from the bond redemption, which outweighed concerns over the organic EBITA decline in a cautious industrial environment.

Long-Term Nordic Industrial Holding with 22 Niche Companies and Optimised Financing

Idun Industrier is a long-term industrial holding company that acquires and develops niche Swedish and Nordic small- and mid-sized manufacturing and service businesses with strong market positions. It comprises around 22 independent group companies employing approximately 1,000 people, with annual revenues of roughly SEK 2.6 billion. More than 90% of sales are in the Nordics. The group is organised mainly into Manufacturing and Service & Maintenance segments.

Growth has historically combined modest organic expansion with a steady stream of add-on and platform acquisitions. Recent deals (including Mouldex earlier in 2026, AGB and Nordbergs) continue this strategy. Financing has been optimised: a 2025 bank facility with Danske Bank and SEB replaced higher-cost bonds, already cutting annual interest expenses by about SEK 20 million, with the latest SEK 220 million bond redemption expected to save a further SEK 8 million over the next twelve months starting 1 July 2026.

Economic uncertainty, especially affecting Swedish heavy industry, has pressured organic performance at some subsidiaries, consistent with broader Nordic industrial trends.

Idun Eyes SEK 8 Million Interest Savings and Gradual Market Recovery Ahead

Idun expects the bond redemption and new financing to reduce interest expenses by approximately SEK 8 million over the coming twelve months. Management notes that some markets are gradually improving and anticipates a clearer economic recovery next year. Group companies will continue adapting to near-term uncertainties, including cost actions where needed. The company maintains financial flexibility via its expanded revolving credit facility for further investments. A live presentation of the results with CEO Henrik Mella and CFO Oskar Samuelsson was scheduled for 19 August 2026.