Fasadgruppen Group AB reported a 18.7% year-over-year decline in adjusted EBITA to 107.5 million SEK for Q2 2026, as net sales fell 1.8% to 1,409.5 million SEK. The Swedish façade and roofing specialist cited margin compression despite signs of stabilization in its operations.
Organic growth improved to -0.5% from -12% in Q1, while the adjusted EBITA margin narrowed to 7.6% from 9.2%. Total order backlog increased 5.2% to 4.5 billion SEK, driven by growth in Norway, Finland, and the UK. Operating cash flow declined 71.3% to 51.9 million SEK, with quarterly cash conversion dropping to 37.7% from 115.9%. The rolling 12-month cash conversion remained strong at 97.7%.
Segment performance varied, with Total Solutions reporting a 2.2% sales decline to 706.7 million SEK and adjusted EBITA falling to 23.2 million SEK. Specialist Solutions posted modest sales growth of 0.9% to 554.7 million SEK, with adjusted EBITA stable at 51.2 million SEK. The UK-based Clear Line unit saw an 8.6% sales decline but achieved a 37.7% adjusted EBITA margin, up from 29.4%.
CEO Martin Jacobsson described the quarter as "weak by the company’s standards," attributing pressure to challenges in Norway. He highlighted the strategic rationale behind the acquisition of Finnish roofing contractor ProRakenne, noting increased demand from industrial customers for integrated service offerings. The deal, completed via Rovakate, expanded Rovakate’s LTM revenue to 282 million SEK.
Net debt declined to 1,616.9 million SEK from 2,237.7 million SEK a year earlier, supported by a rights issue. The net debt to adjusted EBITDA ratio improved to 3.3x from 4.2x, though still above the company’s 2.5x target. Average interest rates for January–June 2026 stood at approximately 5.7%, with short fixed interest periods of 1–3 months.
