Ratos AB (publ) (RTOBF) Q2 2026 Earnings Call Transcript
Gustaf Salford
Chief Executive Officer
Good morning, and thank you for joining us today. I will start by taking you through the main events in the quarter before Anna walk through the financials in more detail.
I would say that overall, Q2 was a strong quarter for Ratos. We delivered profitable growth in what is typically the largest and most important quarter of the year, supported by solid development in our industrial product companies and signs of stabilization in our industrial services companies.
Net sales increased by 3.4%. Adjusted EBITA came in at SEK 988 million, corresponding to a margin of 17.3% and an EBITD growth of 14%. Adjusted earnings per share was SEK 1.97, an increase of 20% compared to last year. We had a strong cash flow and cash conversion in the quarter with underlying cash flow growing by 20% and a cash conversion reaching more than 100%.
During the quarter, we continued to execute on Ratos 2030. The strategy we launched at our Capital Markets Day in March, and I will now highlight the key actions we took in Q2 and how they link to our strategic objectives. On our strategic objective of building a more focused Ratos, we took several important steps during the quarter.
We reduced our ownership in Sentia from 40% to 31%, bringing our stake to a level consistent with our long-term ownership ambition. Sentia has been one of Ratos stronger investments with an IRR of around 30% over 13 years we have owned and developed the company.
We’re also pleased to be able to
