Swedish construction and development company Wästbygg Gruppen reported a 33.6% year-over-year drop in second-quarter revenue to 637 million Swedish kronor.
The company’s net loss narrowed to 6 million kronor from a larger shortfall in the same period last year, translating to a loss of 0.04 kronor per share. Operating income remained negative at 9 million kronor, though cash flow from operating activities improved, with adjusted free cash flow reaching 123 million kronor.
Order intake and backlog both increased during the quarter, a trend Wästbygg attributed to several strategically important agreements, particularly in the industrial segment. The company emphasized efforts to strengthen its business foundations to support long-term profitability, though it did not provide specific guidance for future quarters or the full year.
