Swedish electronics contract manufacturer Inission AB reported an 18.7% year-over-year increase in second-quarter 2026 sales to SEK 635 million, driven by organic growth of 7.4% and contributions from its Selteka acquisition.
EBITDA rose 69% to SEK 41 million from SEK 24.2 million a year earlier, lifting the margin to 6.4% from 4.5%. Earnings per share doubled to SEK 1.3. The company’s EMS segment, which accounts for the majority of revenue, posted SEK 546 million in sales with an EBIT margin of 6.7%, while its power electronics unit, Inission Power, reported SEK 89 million in sales and turned profitable with an EBITDA margin of 4.3%.
Management maintained its full-year 2026 sales guidance of SEK 2.3 billion to SEK 2.5 billion, citing order intake and customer feedback suggesting a monthly run rate of SEK 210 million to SEK 220 million through year-end. The company targets 5% to 10% organic growth and a 9% EBITDA margin over the medium term, with defense-related sales now representing 12% to 13% of total revenue, up from 7% previously.
Inission’s net debt to EBITDA stood at 2.1 times, with a current ratio of 1.5. The company also announced a SEK 5 million buyback of shares from a former founder of its Norwegian unit Simpro, half settled in cash and half in shares. A data breach affecting personal and shareholder data linked to Inission Power was disclosed, though management stated it caused no operational downtime beyond a few hours and no financial impact is expected in the second half.
The stock rose 9.12% to $74.20 following the earnings release, after closing at $68.00 the prior session. Shares have traded between $36.80 and $78.80 over the past 52 weeks.
