Swedish façade systems provider Fasadgruppen Group AB reported a 19% year-over-year decline in adjusted EBITA to SEK 108 million in the second quarter of 2026, as Nordic market weakness weighed on performance. Adjusted EBITA margin contracted to 7.6% from the prior-year period, while net sales fell 1.8% to SEK 1.42 billion.
Organic growth improved modestly to -0.5% from -12% in Q1 2026, reflecting gradual stabilization after a challenging start to the year. Rolling 12-month net sales stood at approximately SEK 5.2 billion, with adjusted EBITA of about SEK 350 million. Operating cash flow declined sharply to SEK 52 million, down from SEK 181 million in the same period last year, attributed to working capital fluctuations tied to an unusually late seasonal start and subsequent production ramp-up.
Management highlighted concentrated weakness in the Nordic contracting business, particularly in Norway, where restructuring efforts in several subsidiaries over the past year temporarily disrupted operations. CEO Martin Jacobsson noted that the decline in results was not broad-based, with other segments such as Specialist Solutions showing resilience. The company’s order backlog totaled SEK 4.5 billion, up 6.6% organically year-over-year.
Fasadgruppen’s net debt decreased to SEK 1.6 billion from SEK 2.2 billion a year earlier, aided by a rights issue completed during the quarter. Leverage stood at 3.3 times adjusted EBITA, while the debt-to-equity ratio improved to 0.5. The company’s gross profit margin over the last 12 months remained robust at 32.77%, though Total Solutions net sales declined by roughly 2.2% with a margin of 3.3%, compared to 6.6% in the prior period.
The Specialist Solutions segment posted a 1% increase in net sales, while Clear Line, the U.K. unit, saw a 9% decline in net sales but achieved an adjusted EBITA margin of 38%, up from approximately 29%. The unit continues to face delays from the Building Safety Regulator, though approvals have shown signs of improvement.
Fasadgruppen’s shares rose 4.13% in pre-market trading to SEK 21.45, following a previous close of SEK 20.60. The stock remains 45.3% below its 52-week high of SEK 39.20 and 9.7% above its low of SEK 18.00.
