Swedish electronics contract manufacturer Inission AB reported a second-quarter revenue increase of 18.7% year-over-year to SEK 635 million, driven by growth across its EMS and Power segments. The company’s shares rose 9.12% during the session, closing at SEK 74.00 after trading as high as SEK 74.20.
Revenue growth included a SEK 61 million contribution from the Selteka acquisition, with organic sales up 7.4%. For the first half of 2026, Inission posted sales of SEK 1.27 billion, while trailing 12-month revenue reached SEK 2.5 billion. Management expects monthly run rates of SEK 210 million to SEK 220 million in the second half of the year, supporting guidance for full-year 2026 sales between SEK 2.3 billion and SEK 2.5 billion.
EBITDA increased to SEK 41 million from SEK 24.2 million a year earlier, lifting the EBITDA margin to 6.4% from 4.5%. The company’s EBITDA margin has expanded by 1.9 percentage points year-over-year, with the first-half margin at 6.6% and trailing 12-month EBITDA totaling SEK 151 million. Inission targets a medium-term EBITDA margin of 9%.
The EMS segment, which includes the former Enedo business now rebranded as Inission Power, accounted for SEK 546 million in sales, an 18.9% increase. EBIT for the segment rose to SEK 36.4 million, with a margin of 6.7%, while Inission Power reported SEK 89 million in sales and an EBITDA margin of 4.3%, improving from a loss of SEK 4.7 million in the prior-year period. Defense-related sales now represent 12% to 13% of total revenue, up from 7% previously.
Earnings per share doubled to SEK 1.3, while net debt to EBITDA stood at 2.1 times. The company also agreed to repurchase the remaining stake in Simpro from its former founder for SEK 5 million, half in cash and half in Inission shares. Inission’s current ratio of 1.5 indicates liquidity coverage of short-term obligations.
