Fiskars Corporation Half-year Financial Report for January-June 2026: Comparable net sales increased for the fourth consecutive quarter – comparable EBIT and free cash flow also improved
Fiskars CorporationHalf-year financial reportJuly 16, 2026 at 8:30 a.m. (EEST) Fiskars Corporation Half-year Financial Report for January-June 2026: Comparable net sales increased for the fourth consecutive quarter – comparable EBIT and free cash flow also improved This release is a summary of the Fiskars Corporation’s Half-year Financial Report for January-June 2026 published today. The complete Half-year Financial Report with tables is attached to this release as a pdf-file. It is also available at https://fiskarsgroup.com/investors/reports-and-presentations/annual-and-interim-reports/ and on the company website at www.fiskarsgroup.com. Investors should not rely on summaries of financial reports only, but should review the complete reports with tables. April-June 2026 in brief: · Comparable net sales[1] increased by 2.7% to EUR 260.9 million (Q2 2025: 254.1). Reported net sales increased by 1.0%. · Comparable EBIT[2] increased to EUR 7.7 million (3.0), or 3.0% (1.2%) of net sales. · EBIT decreased to EUR 1.3 million (5.2). · Cash flow from operating activities before financial items and taxes increased to EUR 50.8 million (30.2). · Free cash flow[3] increased to EUR 30.7 million (2.3). · Comparable earnings per share were EUR -0.06 (-0.05). Earnings per share were EUR -0.10 (-0.03). Cash earnings per share were EUR 0.51 (0.29). January-June 2026 in brief: · Comparable net sales[1] increased by 2.5% to EUR 543.8 million (Q1-Q2 2025: 530.7). Reported net sales decreased by 1.2%. · Comparable EBIT[2] increased to EUR 32.8 million (29.8), or 6.0% (5.4%) of net sales. · EBIT increased to EUR 20.8 million (0.7). · Cash flow from operating activities before financial items and taxes increased to EUR 58.3 million (28.0). · Free cash flow[3] increased to EUR 19.3 million (-25.5). Cash conversion[4] was 123.2% (5.7%). · Comparable earnings per share were EUR 0.09 (0.10). Earnings per share were EUR 0.01 (-0.19). Cash earnings per share were EUR 0.55 (0.17). 1) Comparable net sales exclude the impact of exchange rates, acquisitions and divestments. 2) Items affecting comparability in EBIT include items such as restructuring costs, impairment or provisions charges and releases, acquisition-related costs, and gains and losses from the sale of businesses. Comparable EBIT is not adjusted to exclude the EBIT contribution of acquisitions/divestments/disposals. 3) Calculation of free cash flow has been changed to include lease payments. Comparative periods have been restated accordingly. 4) Free cash flow / LTM EBIT excl. IAC, based on unlevered FCF, LTM EBIT IFRS 16 adjusted. Guidance for 2026 (unchanged) Fiskars Corporation expects comparable EBIT to improve from the 2025 level (2025: EUR 76.4 million). Assumptions behind the guidance Uncertainties in the global economy and geopolitical environment are expected to continue and affect demand for Fiskars Group’s products in 2026. Visibility in the market is limited. In line with typical seasonality, the majority of the Group’s comparable EBIT is expected to be generated in the second half of the year, which is an important season for Business Area Vita in particular. The improvement in the Group’s full-year comparable EBIT is expected to be primarily driven by Business Area Vita. Business Area Vita is implementing previously announced changes, which are expected to improve its financial performance and results in savings that support the Group's comparable EBIT improvement from the second half onwards. At the same time, the Business Area is continuing its actions to reduce elevated inventory levels. While these actions are expected to strengthen the company's position in the long term, they carry some negative impact on comparable EBIT through supply chain variance. President & CEO, Fiskars Group, Jyri Luomakoski: “We delivered the Group’s fourth consecutive growth quarter, with comparable net sales increasing by 3%. Our comparable EBIT also improved in the second quarter, amounting to EUR 8 million. Sales growth was again driven by Business Area Vita, whose profit performance now also showed early signs of recovery – demonstrating progress in its turnaround. Business Area Fiskars delivered a stable quarter, both in terms of sales and profit. Another positive development during the quarter was free cash flow, which improved significantly from the comparison period and increased to EUR 31 million as a result of decreasing net working capital and strict capital expenditure management. Taking a closer look at the Business Areas, Business Area Vita’s comparable net sales increased by 6%. The growth was driven by Georg Jensen, as well as several regional leader brands such as Rörstrand, which celebrated its 300th anniversary during the quarter. At Georg Jensen, strong demand for core collections, reinforced by line extensions, supported growth. Business Area Vita’s comparable EBIT improved by EUR 5 million to EUR -3 million, driven by increased sales volumes, as well as lower SG&A costs. The Business Area has continued the necessary actions to reduce its inventories, which carry some negative impact on comparable EBIT in the short run. Due to the seasonal nature of the business, more meaningful progress in inventory reduction is expected later in the year, predominantly in the fourth quarter. Turning to Business Area Fiskars, its comparable net sales were stable. In the U.S., the Business Area’s largest market, comparable net sales grew for the third quarter in a row, driven by good sell-out. At the same time, demand was softer in Central Europe, particularly in Germany, where last year's comparison period was supported by non-recurring campaigns. Therefore, as expected, Business Area Fiskars’ comparable EBIT remained relatively stable at EUR 14 million with improved comparable EBIT margin. Gross margin improved, however, its impact was offset by the Business Area’s planned increased spend in new product development and marketing. In both Business Areas, we continued to strengthen the relevance and desirability of our brands. In Business Area Vita, consumers were engaged through compelling product launches such as Iittala’s sold-out limited-edition Pokémon collaboration and Georg Jensen's Weft jewelry collection, which brings a contemporary perspective to the brand’s design heritage. In Business Area Fiskars, the Fiskars brand’s expansion into new product categories continued to gain traction, with the roll-out of both Power Tools and Pet Care progressing according to plan. Further demonstrating Fiskars' innovation capabilities in new categories, the brand received three Red Dot Design Awards at the international design competition during the quarter, with the new Power Tools range earning the highest “Best of the Best” distinction. In May, we hosted the Group’s Capital Markets Day, where we presented new financial targets for 2026–2030 and updated strategic priorities. The financial targets cover four key areas: growth, profitability, cash conversion and leverage. The strategic priorities reflect the increased accountability of the Business Areas, which now drive their own strategies with clear focus. Consistent with this, growth and profitability targets were set separately for the Business Areas, with cash conversion and leverage at Group level only. During the second quarter, we received several recognitions for our continuous sustainability work. Most notably, our focused sustainability efforts enabled us to regain the EcoVadis Platinum Medal, placing us among the top 1% of companies assessed globally. Business Area Vita’s turnaround actions, announced in February, are progressing according to plan. These actions are expected to result in annual cost savings of approximately EUR 28 million, of which close to one third is expected to be realized during the second half of 2026. I am pleased with the commitment and resilience demonstrated by the Vita team as they continue to build the foundation for profitable growth. We reiterate our guidance and continue to expect comparable EBIT to improve from the 2025 level. While uncertainty in the operating environment continues, I am confident that our actions to strengthen the appeal of our brands, combined with our profitability improvement measures, will enable us to improve our performance in 2026.” Group key figures [][][][][][]EUR million Q2 Q2 Change Q1-Q2 Q1-Q2 Change 2025(unless otherwise 2026 2025 2026 2025noted)Net sales 260.9 258.3 1.0% 543.8 550.2 -1.2% 1,140.2Comparable net 260.9 254.1 2.7% 543.8 530.7 2.5% 1,125.6sales[1)]EBIT 1.3 5.2 -76.0% 20.8 0.7 38.1Items affecting 6.5 -2.2 11.9 29.1 -59.0% 38.4comparability inEBIT[2)]Comparable 7.7 3.0 32.8 29.8 10.0% 76.4EBIT[3)]Comparable EBIT 3.0% 1.2% 6.0% 5.4% 6.7%marginEBITDA 21.0 24.4 -14.0% 60.6 38.7 56.5% 122.2Comparable 26.6 22.2 19.9% 70.6 67.8 4.1% 155.3EBITDA[4)]Profit before -9.6 -3.0 1.4 -19.1 12.5taxesProfit for the -7.8 -2.2 0.8 -15.2 9.6periodEarnings per -0.10 -0.03 0.01 -0.19 0.12share, EURComparable -0.06 -0.05 -11.6% 0.09 0.10 -14.2% 0.48earnings pershare, EURCash earnings per 0.51 0.29 74.7% 0.55 0.17 1.25share (CEPS),EUREquity per share, 8.01 8.51 -5.9% 8.81EURCash flow from 50.8 30.2 68.3% 58.3 28.0 128.2operatingactivities beforefinancial itemsand taxesFree cash 30.7 2.3 19.3 -25.5 35.5flow[5)]Cash 123.2% 5.7% 43.6%conversion[6)]Net debt 541.0 556.3 -2.7% 513.4Net 3.42 3.16 8.3% 3.31debt/comparableEBITDA (LTM),ratioEquity ratio, % 40% 41% 44%Net gearing, % 83% 80% 72%Capital 7.0 15.4 -54.6% 12.2 24.1 -49.4% 43.5expenditurePersonnel (FTE), 5,992 6,139 -2.4% 5,995 6,167 -2.8% 6,145average 1) Comparable net sales exclude the impact of exchange rates, acquisitions and divestments. 2) In Q2 2026, items affecting comparability were mainly related to BA Vita’s turnaround actions. 3) EBIT excluding items affecting comparability. Comparable EBIT is not adjusted to exclude the EBIT contribution of acquisitions/divestments/disposals. 4) EBITDA excluding items affecting comparability. Comparable EBITDA is not adjusted to exclude the EBIT contribution of acquisitions/divestments/disposals. 5) Calculation of free cash flow has been changed to include lease payments. Comparative periods have been restated accordingly. 6) Free cash flow / LTM EBIT excl. IAC, based on unlevered FCF, LTM EBIT IFRS 16 adjusted. In addition to the financial performance indicators defined by the IFRS, Fiskars Group publishes certain Alternative Performance Measures to better reflect the operational business performance and to facilitate comparisons between financial periods. Their calculation can be found on Fiskars Group’s website in the Investors section (Investors-> Financials-> Calculation of financial indicators). FISKARS CORPORATION Jyri LuomakoskiPresident and CEO Webcast A results webcast will be held on July 16, 2026 at 11.00 a.m. (EEST). It will be held in English and can be followed at https://fiskars.events.inderes.com/q2-2026. Management presentation is followed by a Q&A session. Questions can be placed through the webcast chat function or by phone. To ask questions by phone, the participant is required to register at https://events.inderes.com/fiskars/q2-2026/dial-in. After the registration you will receive the phone number and conference ID to access the conference. If you wish to ask a question, please press *5 on your telephone keypad to enter the queue. Presentation materials will be available at www.fiskarsgroup.com. An on-demand version of the webcast will be available on the Group’s website. Personal details gathered during the event will not be used for any other purpose. FISKARS CORPORATION Further information: Essi Lipponen, Director, Investor Relations, tel. +358 40 829 1192 Fiskars Group in brief Fiskars Group (FSKRS, Nasdaq Helsinki) is the global home of design-driven brands for indoor and outdoor living. Since 1649, we have designed products of timeless, purposeful, and functional beauty, while driving innovation and sustainable growth. In 2025, Fiskars Group’s global net sales were EUR 1.1 billion, and we had approximately 6,600 employees. We have two Business Areas (BA), Vita and Fiskars. BA Vita offers products in the high-end homeware segment as well as fine branded jewelry. Its desirable brands include Georg Jensen, Royal Copenhagen, Wedgwood, Moomin Arabia, Iittala and Waterford. In 2025, BA Vita’s reported net sales were EUR 613 million, and it had approximately 5,000 employees. BA Fiskars offers functional innovations in the gardening and outdoor categories, in addition to the scissors and creating, as well as cooking categories. The brands include Fiskars and Gerber. In 2025, BA Fiskars’ net sales were EUR 522 million, and it had approximately 1,300 employees. Read more: fiskarsgroup.com
The EX60, revealed to universal acclaim in January, is designed to be a game changer for Volvo Cars and its customers. It delivers class-leading range of up to 810km, charges from 10-80 per cent in 16 minutes*, and is priced in line with the company’s best-selling XC60 plug-in hybrid.
The five-seaterEX60 ends range anxiety, delivers agroundbreaking userexperience and represents the next frontier in safety thanks to advanced core computing. It is also Volvo Cars’ first entry in the largest electric segment globally, allowing it to substantially increase itspotential customer baseand electric market share.
Production and customer deliveries of the EX60 will ramp up in the second half of 2026.Order books remain open across Europe and have recently opened in the United States as well.
“This is a huge moment for us and our customers,”saidErik Severinson,chief commercial officerat Volvo Cars.“After many thousands of hours and miles developingone of the most advanced cars on themarket,seeingthe first customers take delivery of their ownEX60feelsespecially momentous.
“We’re grateful to thosecustomers who havealreadychosen an EX60 as their newcar andlook forward to many more joining them on the journey in the coming weeks, months and years.”
A best-in-class range
The EX60 can go up to a best-in-class 810kilometreson a single charge in an all-wheel drive configuration. This doesn’t just make it go further than any electric car that Volvo Cars has ever created. It also beats its recently revealed competitors, setting a new standard for its segment.
That same no-compromises approach is reflected in how fast it charges. A quick coffee stop is enough to recharge and hit the road again. The EX60 can add up to 340km of range in just ten minutes when using a 400kW fast charger.
In other words, the EX60 turns range anxiety into range comfort and demonstrates that going electric is no longer a compromise. Design, engineering, hardware and software all work together to create a car thatoptimisesdriving range and matches many petrol cars.
The EX60 is available with three different powertrain variants. The P12 AWD Electric variant offers the class-leading range of up to 810km, while the P10 AWD Electric clocks in at a range of up to 660km. A rear-wheel drive P6 Electric variant delivers up to 611km of range. All in all, the EX60 is available in seven attractive variants, covering all needs and lifestyles.
The EX60 is also a testament of what Volvo Cars is capable of.It is the company’sfirst fully electric car to be designed, developed and built in Sweden.The EX60 is underpinned by SPA3, an all-new scalable product architecture that introduces new keymanufacturingtechnologies such asmega castingandcell-to-bodybattery technology.
The small print
· *Range of up to 810km relates to EX60 P12 AWD, while potential charging time of 10-80 per cent in 16 minutes relates to EX60 P10 AWD and P6 RWD variants. · Range figures are preliminary and based on WLTP testing standards obtained under specific testing conditions. Actual range can vary depending on charge level, car specification, outdoor temperature, battery temperature, weather, topography, driving style and car speed. · Charging times can vary and depend on various factors such as outdoor temperature, battery condition and car condition. Charging times are based on testing at 400 kW charging facilities.
Technology group Wärtsilä will supply its Wärtsilä 25 Ammonia auxiliary engine, together with a NO\x\ reducer (SCR) and gas valve unit (GVU), for two new 51,350 m[3] capacity midsize LPG/liquid ammonia carrier vessels. The engine will support reduced emissions and improved operational efficiency, while helping the vessels meet evolving sustainability requirements. The ships are being built at Nantong CIMC Sinopacific Offshore & Engineering (SOE) shipyard in Shanghai and will be owned by a joint venture between Navigator Gas and Norway-based Amon Maritime, Navigator Amon Shipping AS. Wärtsilä will also supply the propulsion system, including a Controllable Pitch Propulsion solution designed to optimise efficiency and reliability. The order for the engines, SCR and GVU was booked by Wärtsilä in Q2 2026, whilst the order for the Controllable Pitch Propeller system was booked in Q3 2026.
As the shipping industry transitions to decarbonised operations, ammonia is emerging as a promising carbon free marine fuel capable of achieving the IMO’s net-zero-emissions target for 2050. Wärtsilä has played a leading role in developing engine solutions able to operate with alternative fuels, and already in 2023 introduced the marine sector’s first commercially available 4-stroke engine-based solution for ammonia fuel . The ammonia-fuelled engine supports the industry’s transition towards lower-emission vessel operations.
“Wärtsilä has demonstrated industry-leading capabilities in enabling future low and zero-carbon fuels to become viable. By selecting the Wärtsilä 25 Ammonia engine, we expect to dramatically reduce the ships’ environmental impact, while supporting compliance with evolving regulatory requirements,” says Mr. Kaj S. Pilemand, Director of Vessel Operations, Navigator Gas.
The ammonia engine aligns with the shipping industry’s accelerating shift towards decarbonised operations. When running on sustainable ammonia, total greenhouse gas emissions can be reduced by at least 90 percent compared to equivalent diesel engines. In addition, the Wärtsilä propulsion system optimises vessel operations by integrating the entire shaft line arrangement. The Controllable Pitch Propeller system is designed to deliver high efficiency, operational reliability, and reduced emissions.
“This project reflects the continued momentum behind carbon-neutral and zero-carbon fuels, with ammonia emerging as one key pathway. It also highlights the growing demand for flexible, propulsion solutions that support new, more sustainable operating models. In short, these vessels have been designed for lower-emission operations, and Wärtsilä’s solutions will support those ambitions,” comments Stefan Nysjö, Vice President of Power Supply, Wärtsilä Marine.
The Wärtsilä equipment is scheduled for delivery to the yard commencing in June 2027.
Media contact for more information on this release:
Isabella Alder Positioning and Strategic Communications Manager, Wärtsilä Marine Tel: +44 (0) 7792 681 757 marine.media@wartsila.com
Image caption: Wärtsilä’s 25 Ammonia engine will help two new midsize gas carriers – owned by joint venture, Navigator Amon Shipping AS – reduce emissions, improve operational efficiency, and stay ahead of evolving sustainability requirements. © Wärtsilä Corporation
All Wärtsilä releases are available at www.wartsila.com/media/news-releases and at news.cision.com/wartsila-corporation where also the images can be downloaded. Use of the image(s) is allowed only in connection with the contents of this press release. Wärtsilä images are available at www.wartsila.com/media/image-bank.
Wärtsilä Marine in brief Wärtsilä Marine is a global pioneer in power, propulsion and lifecycle solutions for the marine market. We develop industry-leading technologies, advancing maritime's transition to new fuels. We support building an end-to-end digital ecosystem where all vessels and ports are connected. Ultimately, Wärtsilä Marine is driving the shipping industry forward on its journey towards a decarbonised and sustainable future through our broad portfolio of engines, propulsion systems, hybrid technology, exhaust treatment, shaft line solutions and digital technologies, as well as integrated powertrain systems. Our offering, which is underpinned by our performance-based agreements, upgrades, lifecycle solutions, decarbonisation services, as well as an unrivalled global network of maritime expertise, delivers the efficiency, reliability, safety, and environmental performance needed to support a safe and sustainable future for our customers, our communities and our planet. www.wartsila.com/marine
Wärtsilä in briefWärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy industries. We emphasise innovation in sustainable technology and services to help our customers continuously improve environmental and economic performance. Our dedicated and passionate team of 17,900 professionals in 199 locations in 78 countries shape the decarbonisation transformation of our industries across the globe. In 2025, Wärtsilä’s net sales totalled EUR 6.9 billion. Wärtsilä is listed on Nasdaq Helsinki.www.wartsila.com
“The demand for Atlas Copco Group’s products, services and solutions improved significantly, particularly from the semiconductor industry”, said Vagner Rego. “We delivered double-digit order growth in all business areas and saw high activity level among almost all of our customer segments.”
The order intake in the second quarter increased 27% to MSEK 50 951 (40 087), an organic increase of 26%. Revenues were MSEK 44 974 (41 210), an organic increase of 8%. Operating profit reachedMSEK 9 249 (8 493), corresponding to a margin of 20.6% (20.6). Adjusted operating profit, excluding items affecting comparability, was MSEK 9 455 (8 411), corresponding to a margin of 21.0% (20.4). Return on capital employed was 24% (26).
“I am very proud to see the development during the second quarter. The high demand from our customers reflects their confidence in us and our strong market position. This shows that our investments, both in research and development as well as in acquisitions, continue to pay off.”
In the near term, Atlas Copco Group expects the customer activity to remain at the current level.
The Group's sales increased while income was affected by the ongoing transition in Denmark
Net sales totaled SEK 9,223 million (8,843), an increase of 2 percent (-8) in fixed currency for like-for-like units. Net sales increased mainly as a result of the growing parcel and logistics businesses.
Operating income totaled SEK 189 million (262). Adjusted operating income totaled SEK 239 million (291). The Group's income declined mainly as a result of the ongoing transition in Denmark, where the Danish mail business was discontinued at the end of 2025, which has resulted in lost synergies in Denmark between the parcel business and the previous mail business. The focus is now on the long-term process of transition in the parcel business and to offer Danish customers and consumers the best parcel offering on the market.
At the same time, the majority of our other operating segments improved their performance in the quarter. This provides clear confirmation that our focused efforts are delivering results and that we are continuing to take important steps in the transformation to becoming the leading parcel and logistics operator in the Nordic region.
Continued investments to further strenghen our position in the parcel market
We continue to invest in capacity, technology and customer-oriented solutions to strengthen our competitiveness. An important example of how we are further developing our Nordic network is the new and modern parcel terminal that is to be established in Timrå, just north of Sundsvall, northern Sweden. The plan is for the terminal to be operational in 2028. It will serve as an important hub in boosting our delivery capacity, growth and presence in northern Sweden. We are also continuing to expand our Nordic parcel locker network. The overall aim of these investments is to continue building a competitive Nordic parcel offering.
Changed Postal Ordinance in Sweden provides more favorable conditions for mail business
Sweden’s government has approved an changed Postal Ordinance, effective June 16, 2026. An adjustment to the required delivery time for mail, for example, allows PostNord an extra day for delivering letters in Sweden. The decision enables us to continue adjusting deliveries and services in response to actual demand, and to offer a widely-available and self-financed postal service throughout the country. In Sweden, we are focusing on ensuring a long-term sustainable and profitable mail business, while providing scope for the continued development of our growing parcel and logistics businesses.
Climate transition continues to progress
Our climate transition continues with unabated momentum. To achieve our goals, we are investing in fossil-free transportation with a focus on electrification, while biofuels are playing an important role during the transition period. The work is taking place within the framework of our green transition program Green by PostNord, with the ambition of achieving net zero emissions in the value chain by 2040.
Contact person: Evin Khaffaf, Head of Group Brand & Communication +46 10 436 00 00
This information is of such a nature that PostNord AB (publ) is obliged to make it public pursuant to the Swedish Securities Markets Act. The information was submitted, through the agency of the contact person specified above, for publication at 11.30 CET on July 16, 2026.
The frigates will be produced in Germany with TKMS as the prime contractor. The contract also includes an option for integrating and equipping additional frigates.
“It is with great pride that we continue to build on our long and strong relationship and commitment to Germany and the Bundeswehr, while together with TKMS strengthening the German Navy. These deliveries will significantly enhance the Navy’s anti-air-, anti-submarine- and anti-surface warfare capabilities,” says Micael Johansson, CEO and President of Saab.
The order comprises equipping the frigates with composite superstructures, 9LV Combat Systems including the Fire Control System and Combat Management System, sensors such as the long-range surveillance radar Sea Giraffe 4A Fixed Face, the lightweight multi-mission surveillance radar Sea Giraffe 1X, as well as passive sensors.
Contact
Mattias RådströmHead of media relations+46 (0)734 180 018presscentre@saabgroup.com
Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 28,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations.
The information is such that Saab AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 16 July 2026 at 11.50 (CET).
“Despite the turbulent global situation, passenger volume increased by nearly three per cent in the second quarter compared with the same period last year. Together with higher commercial revenues, this contributed to improved operating income compared with the same period last year,” says Mats Johannesson, Swedavia’s President and CEO.
Second quarter in numbersNet revenue for the second quarter was SEK 1,943 M (1,789), an increase of SEK 155 M. Operating income for the quarter amounted to SEK 222 M (178), an improvement of SEK 43 M compared with the corresponding quarter of 2025. During the second quarter of the year, around 9.2 million passengers flew via Swedavia’s ten airports. This represents an increase of just under three per cent compared with the same period last year.
The number of international passengers increased by nearly four per cent, while domestic travel decreased by around one per cent compared with the same period last year. The range of routes and destinations continued to expand, both through Swedavia’s international and regional airports.Swedavia AB (publ) is required to disclose the information in this Interim Report under the EU Market Abuse Regulation and the Securities Market Act. The information was provided by the contact person below for publication on July 16 at 2:00 p.m. CEST.
Highlights for the period Jan-Jun 2026 (Jan-Jun 2025)
Strategic highlights
· On 22 January 2026, EQT signed an agreement to acquire Coller Capital, a leading global secondaries firm with fee-generating AUM of €31bn[1]. The transaction is expected to close mid to late Q3 2026[2] · BPEA IX had its final close at $15.6bn, EQT Infrastructure VII set its target fund size at €21bn, and EQT XI secured commitments of half of the target fund size · EQT launched its AI Infrastructure strategy with FAUM of $9.4bn, paced by strong fundraising and value creation · EQT was selected for the Scaleup Europe Fund mandate by the European Commission · In the last six months, EQT has added four new strategies with expected FAUM of more than €5bn each (the AI Infrastructure fund, Scaleup Europe Fund, EQT Exeter US Industrial Value VII, and Coller International Partners IX[2]), and is currently in active fundraising for more than 20 funds · EQT launched two new evergreen vehicles for Private Wealth, and reached €10bn in NAV across the evergreen products (including Coller Capital[2])
1. Estimated as of 30 June 2026, translated to EUR from USD based on 0.88 rate2. The transaction is subject to customary closing conditions, including regulatory approvals and certain Coller Capital fund investor consent approvals
Key financials
Adjusted Financials – Alternative Performance Measures[1]
· Total Revenue amounted to €1,407m (€1,340m), an increase of 5% · Fee-related revenue decreased by 1% to €1,141m (€1,149m), of which retroactive fees were €28m (€96m). The decrease was mainly due to higher retroactive fees in H1 2025 as well as strong exit activity in earlier fund generations where the funds charge fees on invested capital. The fee-related revenue growth, adjusted for retroactive fees, was 5% · Carried interest and Investment income amounted to €266m (€191m), of which Carried interest was primarily driven by Private Capital funds and Investment income was primarily driven by valuation uplifts in EQT’s financial investments
· Operating expenses amounted to €570m (€534m), an increase of 7% · EBITDA amounted to €837m (€806m), corresponding to an EBITDA margin of 60% (60%) · Fee-related EBITDA amounted to €571m (€615m), corresponding to a Fee-related EBITDA margin of 50% (54%). The decline is mainly related to the higher relative retroactive fees in H1 2025 · Net Income amounted to €691m (€682m). Net Income excluding Carried interest and Investment income amounted to €426m (€491m) · Earnings Per Share before and after dilution amounted to €0.590 (€0.578) and €0.590 (€0.578), respectively
Reported Financials – IFRS
· Total Revenue amounted to €1,610m (€1,273m), an increase of 26% · Fee-related revenue amounted to €1,148m (€1,149m). The decrease is mainly due to higher retroactive fees in H1 2025, as well as strong exit activity in earlier fund generations where the funds charge fees on invested capital · Carried interest and Investment income amounted to €462m (€124m), reflecting a higher net change in fair value compared to H1 2025
· Operating expenses amounted to €648m (€632m) · EBITDA amounted to €962m (€640m), corresponding to an EBITDA margin of 60% (50%) · Net Income amounted to €663m (€346m) · Earnings Per Share before and after dilution amounted to €0.566 (€0.293) and €0.566 (€0.293), respectively
1. Adjusted Financials, which are alternative performance metrics for the EQT AB Group. For a full reconciliation, please refer to section "Alternative performance measures”
Balance sheet, realization of carried interest, and liquidity
· Net cash flow from fee-related operating activities amounted to €251m (€274m) during the period
Financial investments including carried interest[1]
· Financial investments including carried interest measured at fair value in the balance sheet amounted to €5,629m (€5,172m[2]) at the end of the period, of which strategic balance sheet investments and long-term fund investments was €2,835m (€2,276m[2]) and carried interest was €2,794m (€2,897m[2]) · During H1 2026, EQT invested €770m (€828m) to support strategic growth initiatives, such as recently launched and upcoming strategies and evergreen vehicles. Long-term fund investments amounted to €23m (€110m). Repayments of financial investments amounted to €482m (€92m) · Realized (cash) carried interest amounted to €404m (€60m). Adjusted and reported carried interest amounted to €54m (€154m) and €250m (€86m), respectively
Funding
· Interest bearing liabilities amounted to €2,439m (€2,427m)[3] · EQT’s revolving credit facility of €1.5bn remained undrawn
· Cash and cash equivalents amounted to €843m (€979m[2]). Net debt (ND) amounted to €1,596m, equivalent to a ND/Adjusted EBITDA of 1.0x and ND/Adjusted Fee-related EBITDA of 1.4x[4]
Distributions to shareholders
· EQT distributed €351m (€358m) to its shareholders, of which €269m (€231m) in dividends and €82m (€127m) through 3.0m shares (4.9m shares) via share buybacks · The Annual Shareholders’ Meeting 2026 approved the Board’s dividend proposal of SEK 5.00 per share, to be paid in two installments: SEK 2.50 was paid in May 2026, and SEK 2.50 is to be paid in December 2026 · EQT executed a share buyback program to offset the potential dilution impact from shares delivered to EQT’s employees under its Share and Option incentive programs. A further buyback program comprising up to 4.4m shares will be carried out between 20 July and 4 September 2026
1. See note 3 for additional details2. 31 December 20253. Nominal amount. 31 December 20254. Net debt end of period divided by Adjusted EBITDA or Fee-related EBITDA during the last twelve months
Fundraising
· Gross inflows amounted to €17.8bn. FAUM amounted to €155bn (€141bn) and Total AUM was €291bn (€266bn)
Key funds
· Gross inflows to Key funds amounted to €4.8bn, primarily related to BPEA IX and Infrastructure IV and V · BPEA IX closed at $15.6bn in total commitments, reaching the hard cap and raising €13.1bn in FAUM. The fund size represents a near 40% increase on the predecessor fund. BPEA IX is the largest Asia Pacific-dedicated private equity fund raised to date[1] · EQT XI secured commitments of half of the target fund size. The fund is expected to be activated towards the end of Q3 and will not contribute to FAUM until activation[2] · EQT set the target fund size for EQT Infrastructure VII at €21bn, corresponding to approximately $24.5bn. The fund is expected to be activated around year-end[2]
Other strategies
· Gross inflows to Other strategies amounted to €11.6bn · EQT introduced its AI Infrastructure strategy, fully seeded by the EQT Infrastructure portfolio company EdgeConneX through the acquisition of a minority stake from EQT Infrastructure IV and V. The fund charges fees on NAV. At the end of the period, FAUM amounted to $9.4bn, driven by primary and secondary capital raised as well as value appreciation · EQT’s open-ended Active Core Infrastructure strategy closed its first investment. The fund will be activated in Q3 and will charge fees on NAV · EQT was selected for the Scaleup Europe Fund mandate by the European Commission. The fund has a target size of €5bn and is expected to be activated in Q3, with fundraising continuing into 2027
Evergreens
· Net inflows to evergreens amounted to €1.8bn. Redemptions corresponded to around 0.5% of NAV per quarter. NAV amounted to €5.6bn, and including Coller Capital to approximately €10bn · Incremental FAUM related to evergreens[3] increased by €1.5bn and amounted to €3.2bn at the end of the period
1. Source: Preqin, April 20262. EQT XI and EQT Infrastructure VII will only contribute to gross inflows upon activation3. Note that only co-investments and NAV appreciation are incremental to EQT AB’s FAUM related to evergreens, as fund-of-fund investments is already accounted for in the underlying funds
Investment activity
· EQT announced gross fund investments of €19bn, delivering attractive deal flow across strategies, thematics and geographies. In addition, EQT provided co-investment opportunities of €9bn for its clients · EQT Infrastructure announced the public tender offer of clean energy platform AES in North America, the acquisition of waste management provider Urbaser in Europe (Infrastructure VI) and the investment in UK-based provider of critical water and wastewater services Kelda (EQT Active Core Infrastructure) · EQT Private Capital announced the public tender offer of UK-based product testing firm Intertek, and entered an agreement to acquire satellite company Exolaunch (EQT X)
Exit activity
· EQT announced total gross fund exits of €7bn, primarily driven by public market exits. In addition, EQT realized €9bn for its co-investors. During the last twelve months, EQT sent back close to €30bn[1] in total realizations to clients, building on EQT’s record year of exits in 2025 · Announced exits include the public sell-downs in Galderma and Azelis (EQT VIII), Enity (EQT VII) and Beijer Ref (EQT IX), the minority stake sales in Nordic Ferry Infrastructure (EQT Infrastructure V) and EdgeConneX (EQT Infrastructure IV and V) and the full exit of Tubulis (LSP 7). In addition, EQT created a multi-asset continuation vehicle of a pool of well-performing early-stage assets (Ventures I), providing liquidity to clients · EQT’s final sell-down in Galderma represented the largest sponsor-backed block trade to date. In total, EQT generated $20bn of capital gains for its funds and co-investors – the largest capital gain outcome from a single fund in the history of private equity
1. Fund exits and realizations for co-investors
Investment performance
· Key fund valuations increased by 5%. All Key funds continue to perform On or Above plan · Double digit value uplift in Infrastructure was led by strong underlying performance in the Digital and Energy sub sectors, as portfolio companies continue to secure new contract capacity and grow run-rate EBITDA · Over the last 12 months, profitability accelerated across the Private Capital portfolio, with 14% EBITDA growth in Private Capital Europe & North America. EQT X saw mid single digit value creation in H1, primarily due to strong operating performance, with a weighted average EBITDA growth of 24% over the last 12 months. In EQT IX, lower valuation multiples offset generally strong operating performance. Across Private Capital Asia, operating performance was broadly positive which, combined with stable valuation references, supported largely positive value creation
People
· The number of full-time equivalent employees (FTE) amounted to 1,895 (1,908) at the end of the period. EQT will continue to invest into future growth areas, including Asia and the U.S., AI capabilities, private wealth, and secondaries and solutions · Bert Janssens, Co-Head of EQT Private Capital Europe & North America, was named Chair of the newly-created Private Capital Management Committee, which aims to strengthen knowledge sharing and alignment across EQT’s global Private Capital platform to drive improved investment outcomes · Bert Janssens and Henry Steinberg, Global Head of EQT Real Estate, joined the EQT Executive Committee, while Lennart Blecher stepped down. Lennart remains Chairperson of EQT Real Assets and a member of the EQT Council · At the Annual Shareholders' Meeting on 12 May 2026, Jean Eric Salata was appointed Chair of the EQT Board. In addition, Jean-Pascal Tricoire was appointed a new Board member of EQT · Gustav Segerberg was appointed Chief Financial Officer, effective as of 18 July 2026. Segerberg succeeds Kim Henriksson who will remain CFO up until that date, and then transition into a Senior Advisor role
Other
· For the second consecutive year, EQT hosted its “Value Creation Day” on 20 May 2026 in London. The event featured insights from Per Franzén (CEO & Managing Partner), EQT’s investment advisory professionals, digital & AI teams, and portfolio company CEOs · As of this Half-year Report, EQT reports Real Estate and Infrastructure as two separate operating segments, reflecting a change in the internal reporting. Upon closing of the Coller Capital transaction[1], EQT will also report Secondaries & Solutions as a new operating segment. This will result in a four-segment reporting structure: Private Capital, Infrastructure, Real Estate, and Secondaries & Solutions · At the end of the period, the number of portfolio companies with validated science-based targets amounted to 65, representing more than 75% of invested capital. A further three companies are in the process of setting targets
Events after the reporting period
· EQT X announced the acquisition of TachoSil®, EQT Infrastructure VII announced the acquisition of Copia Power[2], and BPEA EQT Mid-Market Growth announced the acquisition of Orikan · Investment levels in EQT Key funds as of 17 July 2026 were 80-85% in EQT X, 75-80% in EQT Infrastructure VI and 10-15% in BPEA IX
1. The transaction is subject to customary closing conditions, including regulatory approvals and certain Coller Capital fund investor consent approvals, and is expected to close in mid to late Q3 20262. EQT Infrastructure VII is currently expected to be activated and begin charging management fees around year-end 2026. Upon activation, and with the acquisition of Copia Power, EQT Infrastructure VII is expected to be 0-5 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on target fund size and subject to customary regulatory approvals.
Presentation of EQT AB’s Half-year Report 2026
Financial analysts and media are invited to participate in a conference call, including a presentation at 08.30 CEST.
The presentation and a link to follow the webcast and conference call live can be found here and a recording will be available afterwards.
To participate by phone, please register here . You will then receive your personal dial-in details, to be able to ask questions during the Q&A.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group's development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq's guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15EQT Shareholder Relations, shareholderrelations@eqtpartners.com
Rickard Buch, Head of Corporate Affairs, +46 72 989 09 11EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
This is information that EQT AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 07.00 CEST on 17 July 2026.
· Q2 revenue was SEK 77.7 bn (SEK 93.5 bn in Q2 2025, including SEK 4.0 bn one-off) · Q2 operating income was SEK 0.8 bn (SEK -10.0 bn in Q2 2025) · Q2 EBIT margin was 1.1 per cent (-10.6 per cent in Q2 2025) · Q2 basic earnings per share were SEK 0.42 (SEK -2.53 in Q2 2025) · Q2 fully electric car sales share at 25 per cent (21 per cent in Q2 2025) · Q2 electrified car sales share at 52 per cent (44 per cent in Q2 2025) · Q2 free cash flow of SEK -5.2 billion (SEK 4.2 billion in Q2 2025)
Volvo Cars today released its results for the second quarter of 2026, highlighted by the delivery of SEK 5 billion in targeted full-year cost savings six months ahead of schedule. The company reported a group operating income (EBIT) of SEK 0.8 billion and EBIT margin of 1.1 per cent for the quarter.
The result demonstrates Volvo Cars’ strength in electric cars, a solid sales performance in Europe and its ability to successfully execute on its cost actions. However, the result also reflects a very tough external and competitive environment, which resulted in lower revenues and profitability due to sales mix and pricing effects.
The second quarter was marked by a considerable weakening of the China market for both Volvo Cars and the entire car industry. Global uncertainty because of the ongoing Middle East conflict also increased. However, Volvo Cars saw several underlying developments which give it confidence for the quarters ahead. More details about Volvo Cars’ performance can be found in the second quarter 2026 financial report .
“In this very challenging external environment, we made progress on our strategic actions,” said Håkan Samuelsson, president and CEO. “This gives us the momentum and confidence that the second half of the year will improve compared to the first six months.”
Signs of US recovery, strong BEV sales in Europe
After several months of sales decline, the US market is showing signs of recovery and Volvo Cars recorded two consecutive months of growth in May and June. The company expects this recovery to continue in the second half of the year, as the negative effects from the withdrawal of incentives on electrified cars lessens.
In Europe, Volvo Cars’ biggest market, the company’s performance was resilient despite increased competition and a weaker pricing environment. It recorded a continued strong performance of its fully electric cars (BEVs), with a 23 per cent increase versus last year, including Türkiye.
The company also saw good demand for the EX30, now fully produced in Belgium, as well as an all-time high order pace for the EX90. It started production of the new, EX60 in Sweden in April and made the first customer deliveries earlier this month.
Continued progress on cost and cash
Volvo Cars also continued to make strong progress on its cost and cash actions. Despite increasing raw material prices, the company has already delivered SEK 5 bn in indirect and variable cost savings this year, six months ahead of time.
This is on top of the SEK 8 bn in savings on spending it delivered in 2025. These savings have been made possible because of structural changes in the company, including a reduced headcount of approximately 3,000 positions versus H1 2025.
Earlier this week, Volvo Cars announced a new Memorandum of Understanding with the Belgian and Flemish governments to make its manufacturing plant in the city of Ghent more competitive. This will allow the company to secure increased utilisation of the facility, including possible opportunities to use the plant for contract assembly of cars of other brands.
While volumes for the second quarter declined 5.6 per cent compared to last year, they improved sequentially from the first quarter of 2026. Revenues came in at SEK 77.7 bn, but comparability was affected by SEK 4.0 bn in positive one-off effects in Q2 2025.
Free cash flow for the quarter ended up at an expected SEK -5.2 billion, mainly because of inventory build-up related to the production start of EX60.
Looking ahead
Volvo Cars expects significantly stronger sales during the second half of the year compared to the first half, on the back of growth in Europe, a continued recovery in the US and a challenging China market. The company expects a strong positive free cash flow in the late second half of the year, ending the year approximately at break even.
After summer, Volvo Cars will reveal two exciting new models that will further strengthen its electrified offer. Soon after, on September 17 during its Strategy Update, the company will share the next phase in its strategic journey towards becoming the leading premium electric car brand, including the most ambitious product plan in its history and its approach to regionalisation.
Note to editors
The company will host a livestream on Volvo Cars’ Q2 2026 results for media, investors and analysts at 08:00 CEST today. The presentation will be held in English and followed by a Q&A session.
Link for livestream
It will be possible to ask questions during the Q&A session following the main presentation. To participate, you can either use the chat function online to type your question, or you can call in. To call in, participants need to register via the link below and will then receive the dial-in details and individual PIN.
Link to register
· In Q2 2026, net sales increased by 3% and amounted to SEK 126.3 billion (122.9). The organic sales growth was 7%.
· Adjusted operating income amounted to SEK 14,783 M (13,484), corresponding to an adjusted operating margin of 11.7% (11.0). In Q2 2026, effects totaling a negative SEK 1,305 M were excluded from adjusted operating income. In Q2 2025, negative effects of SEK 3,523 M were excluded.
· Reported operating income amounted to SEK 13,478 M (9,961), corresponding to an operating margin of 10.7% (8.1).
· Compared with Q2 2025, currency movements had a positive impact on operating income amounting to SEK 491 M.
· Earnings per share amounted to SEK 5.10 (3.64).
· Operating cash flow in the Industrial Operations amounted to SEK 5,837 M (2,948).
· Return on capital employed in the Industrial Operations amounted to 26.8% (25.7).
Press and Analyst Conference Call.An online presentation of the report, followed by a question and answer session will start at 09:00 CEST. Link to webcast: https://qreport.volvogroup.com/.
More information, including an interview with CEO Martin Lundstedt, will soon be available on https://www.volvogroup.com/en/investors.html.
July 17, 2026
This information is information that AB Volvo (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 07:20 CEST on July 17, 2026.
Aktiebolaget Volvo (publ) 556012-5790
Investor RelationsSE-405 08 Göteborg, SwedenTel +46 31 66 00 00www.volvogroup.com
Contact Media Relations:Claes Eliasson +46 765 53 72 29
Contacts Investor Relations:Johan Bartler +46 739 02 21 93Anders Christensson +46 765 53 59 66
For more information, please visit volvogroup.com For frequent updates, follow us on LinkedIn
The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs almost 100,000 people and serves customers in almost 180 markets. In 2025, net sales amounted to SEK 479 billion (EUR 43 billion). Volvo shares are listed on Nasdaq Stockholm.
“We delivered a strong second quarter with increased order bookings, high organic sales growth and a strengthened operating margin. Demand for our product offering remains high as customers invest in both immediate and long-term needs. With continued capacity expansion, high delivery volumes and focus on technological innovation, we are well positioned to meet market demand,” says Micael Johansson, President and CEO, Saab.
Key highlights Q2 2026
· Order bookings amounted to SEK 68,393 million (28,403). The SEK 47 billion order for submarines to Poland was booked during the quarter. · Sales amounted to SEK 25,453 million (19,786), corresponding to an organic sales growth of 29.8 per cent (31.5). · EBITDA amounted to SEK 3,774 million (2,831), corresponding to an EBITDA margin of 14.8 per cent (14.3). · EBIT increased 41 per cent and amounted to SEK 2,794 million (1,977), corresponding to an EBIT margin of 11.0 per cent (10.0). · Net income increased to SEK 2,170 million (1,536) and earnings per share amounted to SEK 3.96 (2.83). · Operational cash flow improved to SEK -62 million (-1,136). · Net liquidity amounted to SEK 2,523 million compared to SEK 3,989 million at year-end 2025. · Effective from the second quarter, the new business area Naval was established, and comparative historical financial information has been restated accordingly.
Presentation of Saab’s Q2 results 2026
Saab’s CEO and President Micael Johansson and CFO Anna Wijkander will present Saab’s Q2 results 2026.
Date: Friday 17 July, 10.00 a.m. (CET).
You are welcome to watch the live webcast or dial in to the conference call. It is possible to submit questions over the conference call and from the webcast page.
Live webcast: www.saab.com/investors/webcast/q2-2026
Registration for conference call: www.saab.com/investors/conference-call-q2
The interim report, presentation material and webcast will be published on www.saab.com/investors.
Contacts
Mattias RådströmHead of Media Relations +46 (0)734 180 018presscentre@saabgroup.com
Johan AnderssonHead of Investor Relations+46 (0)734 372 939johan.c.andersson@saabgroup.com
Saab is a leading defence and security company with an enduring purpose, to help nations keep their people and society safe. Empowered by its 28,000 talented people, Saab constantly pushes the boundaries of technology to create a safer, more sustainable and more equitable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations.
The information is such that Saab AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, on 17 July 2026 at 07.30 (CET).
Gothenburg, 17 July 2026
Q2 2026
· Net sales: MSEK 23,195 (23,166) · Organic growth: 1.4% (−0.2%). Driven by organic sales growth within the industrial segments, offset by negative market demand for the Automotive business. · Adjusted operating profit: MSEK 3,223 (3,090). Driven by solid commercial execution, especially within Specialized Industrial Solutions. · Adjusted operating margin: 13.9% (13.3%). · Net cash flow from operating activities: MSEK 2,055 (2,817). Mainly driven by working capital build-up related to the ongoing Automotive separation.
Financial overview, MSEK Q2 2026 Q2 2025 Half year 2026 Half year 2025unless otherwise statedNet sales 23,195 23,166 45,068 47,132Organic growth, % 1.4 −0.2 1.9 −1.8Adjusted operating 3,223 3,090 6,174 6,323profitAdjusted operating 13.9 13.3 13.7 13.4margin, %Operating profit 2,219 1,300 4,862 4,185Operating margin, % 9.6 5.6 10.8 8.9Adjusted net profit 2,333 2,373 4,380 4,669Net profit 1,329 583 3,068 2,531Net cash flow from 2,055 2,817 1,609 3,794operating activitiesBasic earnings per share 2.77 1.13 6.34 5.08Adjusted earnings per 4.98 5.06 9.23 9.77share
Rickard Gustafson, President and CEO:
“In Q2, our adjusted operating margin improved year-over-year, mainly driven by further strengthened profitability in Specialized Industrial Solutions (SIS). We continued to execute on our commercial agenda and strategic initiatives, including investments in attractive growth areas such as humanoids, as well as progressing the Automotive separation.
Solid commercial execution drives margin improvement
Organic sales increased by 1.4% year-over-year, mainly driven by solid price/mix. The SIS segment continued its strong growth, primarily driven by Aerospace and Magnetic Solutions. This more than compensated for continued weakness in the Automotive segment, although growth in China, especially in light and commercial vehicles, was strong. In Bearing Solutions, organic sales were flat compared to the same quarter last year. Our regions in Asia continued to grow, Europe remained soft, while the OEM market in the Americas showed early signs of improvement.
The adjusted operating margin at 13.9% improved year-over-year and sequentially. I’m pleased to see the strong margin development in SIS with growth in targeted areas including aftermarket. As previously communicated, an improved margin development for SIS is one key lever to deliver on our mid- and long-term targets for our Industrial business. The margin in the Automotive business also improved by further efficiencies in production and sourcing. As part of the separation, production lines are being transferred into Automotive plants which means that production support was provided to Automotive also in this quarter. This led to a somewhat less efficient production performance, resulting in a limited positive earnings impact on the Group. For the full year, we expect some support production also in the second half.
Savings from rightsizing activities of approximately MSEK 350 more than offset separation-related negative synergies with a stronger net contribution than in Q1. For the full year 2026, we expect that rightsizing savings will be higher than the negative synergies. We were again able to largely compensate for tariff-related costs, and, at current levels, we aim to continue to do so also in Q3. In Q2, we received the majority of the IEEPA tariff reclaims, which impacted sales negatively due to customer refunds and had a somewhat positive impact on earnings. As expected, the negative impact from currency movements was significantly lower than in the first quarter. Items affecting comparability in Q2 was BSEK –1.0 whereof approximately half related to the consolidation of our footprint in the Americas as previously communicated. The other half is related to the ongoing Automotive separation.
Cash flow from operating activities was BSEK 2.1. This was lower than in the same period last year, reflecting higher working capital development mainly related to the ongoing Automotive separation.
Creating two even sharper businesses
We continue to develop our portfolio and strengthen SKF’s long-term profitable growth potential. The Automotive business is now separated and operates as a standalone business within the SKF Group, and we remain on track for the planned listing in Q4 2026, subject to SKF’s Board of Directors proposing a listing and shareholders’ approval. Kerstin Enochsson has been elected Board member of SKF Vertevo, confirming her role as CEO with a clear task to build an even stronger standalone Automotive business.
In parallel, we are strengthening our industrial business. The announced humanoids partnership with Leaderdrive marks an important step into an attractive growth area, expanding capabilities in critical bearing applications and access to robotics expertise, technology and customers. Additionally, we initiated a modernization of our IT landscape to create an AI foundation for greater agility, resilience and efficiency in our supply chain.
Outlook
Given signs of improved market demand in certain industries in Q2, we expect organic sales to strengthen somewhat in Q3, year-over-year. However, geopolitical turmoil, including the conflict in the Middle East, amplifies overall unpredictability.”
Outlook and guidance
Outlook
· Q3 2026: Given signs of improved market demand in certain industries in Q2, we expect organic sales to strengthen somewhat, year-over-year. However, geopolitical turmoil, including the conflict in the Middle East, amplifies overall unpredictability.
Guidance Q3 2026
· Currency impact on the operating profit: around MSEK 100, year-over-year, based on exchange rates as per 30 June 2026.
Guidance FY 2026
· Tax level excluding effects related to divested businesses and separation of the Automotive business: around 29%. · Additions to property, plant and equipment: around BSEK 4. · Items affecting comparability related to the Automotive separation and footprint optimization: BSEK –2.5 to –3. This is within the frame communicated at CMD 2025.
A webcast will be held on 17 July 2026 at 08:30 (CEST):Sweden: +46 (0)8 5051 0031UK/International: +44 (0)203 059 5863
https://www.skf.com/group/investors
Aktiebolaget SKF (publ)
The half year report presented in this press release contains financial and inside information that AB SKF is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication through the agency of the contact person set out below on 17 July 2026 at 07.30 CEST.
For further information, please contact:Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893; carl.bjernstam@skf.comInvestor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908 072; sophie.arnius@skf.com
Second quarter
· Net sales totaled SEK 39,259 M (38,015), with organic growth of 4% (3) and acquired net growth of 2% (5). Exchange rates affected sales by –3% (–8). · Organic sales growth was strong in EMEIA, good in Americas, Global Technologies and Entrance Systems, but declined in Asia Pacific. · Five acquisitions with combined annual sales of about SEK 2,000 M were completed during the quarter. One divestment was completed during the quarter. · Operating income[1] (EBITA) totaled SEK 7,091 M (6,555) with an operating margin of 18.1% (17.2). · Operating income[1] (EBIT) totaled SEK 6,680 M (6,155) with an operating margin of 17.0% (16.2). · Net income[1] amounted to SEK 4,422 M (3,962). · Earnings per share[1] amounted to SEK 3.98 (3.57). · Operating cash flow amounted to SEK 6,300 M (5,452). [][][][][][]Sales and income Second quarter First half-year 2025 2026 Δ 2025 2026 ΔSales, SEK M 38,015 39,259 3% 75,955 75,010 –1%Of which:Organic growth 945 1,341 4% 1,552 2,140 3%Acquisitions and 1,855 868 2% 3,564 1,688 2%divestmentsExchange rate –2,753 –965 –3% –2,329 –4,774 –6%effectsOperating income 6,155 6,680 9% 11,800 12,141 3%(EBIT)[1], SEK MOperating margin 17.2% 18.1% 16.6% 17.3%(EBITA)[1], %Operating margin 16.2% 17.0% 15.5% 16.2%(EBIT)[1], %Income before 5,319 5,936 12% 10,085 10,685 6%tax[1], SEK MNet income[1], 3,962 4,422 12% 7,513 7,960 6%SEK MOperating cash 5,452 6,300 16% 7,876 9,441 20%flow, SEK MEarnings per 3.57 3.98 12% 6.76 7.16 6%share[1], SEK
[1] Excluding items affecting comparability for the same period of the previous year. Please see the tabulated figures section in this report, page 13, for further details about the financial effects in 2025.
Comments by the President and CEO
I am pleased to report that ASSA ABLOY has delivered another strong set of results. Despite continued challenging and uncertain market conditions, our organic growth accelerated and reached 4%, complemented by 2% growth from acquisitions, while currencies remained a headwind of –3%. Strong organic operating leverage contributed to a record-high adjusted operating margin for the quarter.
Organic sales growth was strong at 5% in EMEIA, driven by very strong growth in Central Europe and strong growth in the Nordic region. The Americas division grew 4%, supported by continued strong growth in the non-residential segment and Latin America and with a small sales growth in the North America Residential segment. Global Technologies also grew by 4%, with strong sales growth in most areas, partly offset by weaker project-related businesses in Europe. Entrance Systems reported good growth of 4%, driven by Pedestrian and Perimeter Security. Organic sales in Asia Pacific declined 4% due to the weak sales inthe Greater China & Southeast Asia business unit.
The operating profit (EBIT) amounted to SEK 6,680 M. Adjusted for divestment gains, earnout reversal and tariff refunds, the corresponding operating margin improved by 30 bps year-on-year to 16.5% (16.2). The margin was negatively affected by currency effects and acquisition-related dilution of 40 bps combined. However, this was more than offset by strong operating leverage. The operating cash flow was very strong and improved by 16% year-on-year to SEK 6,300 M, resulting in a very good cash conversion of 106%.
Innovation and acquisitions drive growthOur decentralized organization has enabled us to effectively mitigate and respond to changing local market conditions. Another key competitive advantage is our commitment to innovation, which remains a crucial driver of future growth. By continuously enhancing our offering with new products, solutions, and technologies, we ensure that we provide our customers with the most efficient and relevant access solutions while maintaining our industry leadership.
Since 2018, we have increased our R&D as proportion of sales by 1 pts. The outcomes of these investments are clear: between 2018 and June 2026, we have launched more than 4,000 products and solutions and filed over 2,000 patent applications. This highlights both the scale of our innovation efforts and our ability to consistently translate ideas into customer value. Today, approximately 25% of our sales are generated from products launched within the last three years, forming a strong foundation for future growth.
In addition, acquisitions remain an important complement to organic growth, also sometimes enabling step changes in our product portfolio and technological capabilities. During the quarter, we completed our 400[th] acquisition since our inception – Rollerdoor Group, a sectional door manufacturer based in Portugal. By the end of June, we had acquired eight businesses in 2026. Our acquisition pipeline remains strong, with more than 900 companies included in our target list.
Thank you for your continued trust in ASSA ABLOY.
Nico DelvauxPresident and CEO
Further information can be obtained from:Nico Delvaux, President and CEOphone: +46 8 506 485 82Erik Pieder, Executive Vice President and CFO,phone: +46 8 506 485 72
Björn Tibell, Head of Investor Relations,phone: +46 70 275 67 68
e-mail: bjorn.tibell@assaabloy.com
ASSA ABLOY is holding a telephone and web conferenceat 09.00 CEST on July 17, 2026, which can be followed online at assaabloy.com/investors.
It is possible to submit questions by telephone on:08–505 100 31, +44 203 059 5863 or +1 631 570 5613
This information is information that ASSA ABLOY AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CEST on July 17, 2026.
EQT today announced that Kamgras 1 K.K. (the “Offeror”), a member of the consortium led by BPEA Private Equity Fund IX (“BPEA IX” or “EQT”) and Digital Garage, Inc. (“Digital Garage”, and together with EQT, the “Consortium”), has decided to amend the terms and conditions of its ongoing tender offer (the “Tender Offer”) for the common shares of Kakaku.com, Inc. (“Kakaku.com” or the “Company”; TSE: 2371), including raising the tender offer price from JPY 3,000 per share to JPY 3,450 per share (the “Revised Tender Offer Price”).
The Revised Tender Offer Price exceeds the JPY 3,384 per share price contained in the competing proposal announced on July 1, 2026.
The original tender offer price of JPY 3,000 per share represented a compelling offer for shareholders and reflected Kakaku.com's intrinsic value and included a reasonable premium over Kakaku.com's unaffected market share price prior to the publication of speculative media reports regarding the Tender Offer. Following developments in the process and further careful consideration, the Consortium decided to increase the tender offer price in order to further enhance execution certainty and reflect its continued conviction in the Company’s long-term potential.
The Revised Tender Offer Price is intended to facilitate the timely completion of the transaction and enable Kakaku.com to focus on long-term growth and value creation. The Consortium has already obtained all necessary regulatory clearances required, further underscoring the certainty of the transaction for the Company and its shareholders. In contrast, the competing proposal contemplates a tender offer only commencing in September 2026 at the earliest and remains subject to various conditions, including regulatory approvals.
Tetsuro Onitsuka, Partner in the EQT Private Capital Asia team, said: "Our proposal provides Kakaku.com shareholders with an attractive combination of value, certainty and timing. By combining EQT's global digital and AI expertise with Kakaku's strong brands and data assets, we believe Kakaku can accelerate platform development and pursue long-term value creation. We remain excited about Kakaku.com’s long-term potential and look forward to working alongside management and Digital Garage to support the Company’s next phase of growth and value creation."
EQT brings long-term capital and global experience supporting digital and platform businesses. It has a track record of partnering with leading digital marketplace and classified businesses, including PropertyGuru, idealista and Casa.it, and working with management teams to support platform development, operational improvement and sustainable long-term growth. This experience, combined with Kakaku.com’s strong brands and data assets, would position it to support the continued development of the Company’s platforms and its next phase of growth.
Japan remains a strategically important market for EQT. Since establishing its Tokyo office in 2006, EQT has steadily expanded its presence and activity in the market, including through recent take-private transactions involving Fujitec, CareNet and Mamezo. This commitment is supported by the scale of EQT’s broader Asia Pacific platform. In April 2026, EQT closed BPEA IX with USD 15.6 billion in total commitments, making it Asia Pacific’s largest private equity fund to date. Together, EQT’s longstanding local presence, regional scale and global capabilities position it to continue partnering with leading Japanese companies to achieve their long-term growth ambitions.
For details regarding the amendment, please refer to the announcement issued by the Offeror today titled “Notice Regarding Amendment to the Terms and Conditions of the Tender Offer for Share Certificates, Etc. of Kakaku.com, Inc. (Securities Code: 2371)”.
The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of BPEA IX will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document obtainable from the issuer or its agents and would contain detailed information about the issuer and its management, as well as financial statements. The securities may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Regulations on Solicitation
This press release is intended to provide information relating to the Tender Offer to the public and has not been prepared for the purpose of soliciting the sale of shares. If shareholders wish to sell their shares, they should first carefully read the Tender Offer Explanation Statement concerning the Tender Offer and make their decision at their own discretion. This press release does not constitute, or form a part of, an offer to sell or a solicitation of an offer to sell or a solicitation of an offer to purchase securities, and neither this press release (in whole or in part) nor its distribution will form the basis of, or be relied on in connection with, an agreement related to the Tender Offer.
US Regulations
The Tender Offer will be conducted in accordance with the procedures and information disclosure standards provided in Japanese law, and those procedures and standards are not necessarily the same as the procedures and information disclosure standards applicable in the United States. In particular, Section 13(e) or Section 14(d) of the U.S. Securities Exchange Act of 1934 (as amended, the “Securities Exchange Act”) and the rules promulgated thereunder do not apply to the Tender Offer, and the Tender Offer does not conform to the procedures or standards therein. All financial information included or mentioned in this press release and the documents referenced herein is not based on U.S. accounting standards, and such accounting standards may not be equivalent to or comparable with financial information prepared in accordance with U.S. accounting standards. Because the tender offeror is a corporation established outside the United States and all or some of its directors and officers are not residents of the United States, it may be difficult to exercise rights or make claims against them that can be asserted based on U.S. securities-related laws. In addition, it may not be possible to initiate legal proceedings against a non-U.S. corporation and its officers in a non-U.S. court on the grounds of violation of U.S. securities laws. Furthermore, there is no guarantee that a non-U.S. corporation and its affiliates will be subject to the jurisdiction of a U.S. court.
The respective financial advisors of the tender offeror, the Company, Digital Garage, Inc. and KDDI Corporation, the tender offer agent, and their respective affiliates may, in the ordinary course of their business, to the extent permitted by the financial instruments exchange-related laws and regulations of Japan and other applicable laws and regulations, and in accordance with the requirements of Rule 14e-5(b) under the Securities Exchange Act, purchase, or engage in activities directed at purchasing, shares of the Company for their own account or for the account of their clients, either prior to commencement of the Tender Offer or during the Tender Offer Period, outside the Tender Offer. If information concerning any such purchase is disclosed in Japan, disclosure will be made in English on the website of the person making such purchase (or in another manner).
Unless otherwise specified, all procedures relating to the Tender Offer will be conducted in the Japanese language. While some or all documents related to the Tender Offer may be prepared in English, the Japanese-language documents will prevail in the event of any discrepancies between the English and Japanese documents.
This press release contains “forward-looking statements” as defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Known or unknown risks, uncertainties, or other such factors could lead to outcomes that may differ markedly from the projections and other information explicitly or implicitly indicated in such forward-looking statements. Neither the tender offeror nor its affiliates guarantees that the projections and other information explicitly or implicitly indicated in such forward-looking statements will materialize. The forward-looking statements in this press release were prepared based on information in the possession of the tender offeror as of the date of this press release, and unless required by laws or regulations or the rules of a financial instruments exchange, neither the tender offeror, the Company, nor any of their respective affiliates will be obligated to change or revise such statements to reflect any future events or circumstances.
Other National Regulations
The release, issue or distribution of this press release may be subject to legal restrictions in certain countries or regions. In such cases, please be aware of and comply with any such restrictions. The release, issue or distribution of this press release does not constitute a solicitation of an offer to purchase or sell share certificates in connection with the Tender Offer and is to be deemed solely as the distribution of materials for informational purposes.
Contact:EQT Press Office, press@eqtpartners.com
The awards include:• Nordics’ Best Investment Bank• Sweden’s Best Investment Bank• Denmark’s Best Investment Bank for M&A• Finland’s Best Investment Bank for ECM
The awards were announced in London and are based on submissions from banks worldwide competing for global, regional, and national titles, evaluated by journalists, analysts, and market participants.
“We would like to thank our clients for their continued trust and collaboration. Their success remains our top priority, and these recognitions underline the strong partnerships we have built together,” says Peter Behncke, Global Co-Head of Investment Banking.
“We are proud to receive these awards, which reflect the strength of our platform across the Nordics. Our teams continue to focus on delivering high-quality advice and execution to our clients across all markets,” says Johan Flintull, Global Co-Head of Investment Banking.
“The Finnish ECM market is gradually picking up as pricing expectations align. With our local presence and global reach, we are well positioned to support clients across the full transaction cycle,” says Tommi Kaltio, Head of Investment Banking Finland.
"The Danish M&A market has seen several landmark transactions this year, and DNB Carnegie has been at the centre of many of them while continuing to grow our market share. We see this award as a reflection of our team’s quality and our clients’ continued trust,” says Jacob Bastholm, CEO Denmark and Head of Investment Banking.
DNB Carnegie has received several recognitions over the past year, including top rankings in Prospera’s client surveys across Investment Banking, Equities and Credit. The firm achieved leading positions in Corporate Finance, M&A and ECM across the Nordics, as well as number one rankings in Nordic Equity and Research.
Recently, DNB Carnegie was ranked #1 in the Nordics by number of announced M&A deals by Mergermarket, advising on 48 transactions, more than any other adviser in the Nordic market.
About Us:
DNB Carnegie is the leading investment bank and wealth manager in the Nordics.With strong positions across products, sectors and markets, we combine deep local market knowledge with an extensive international network to connect Nordic opportunities with global capital and provide advisory services in mergers and acquisitions, capital markets and corporate finance.
April–June 2026• Net sales increased to SEK 8,567 million (7,834)
• EBITA increased to SEK 864 million (750), margin 10.1 per cent (9.6)
• EBITA increased 7 per cent year-on-year after adjustment for the positive calendar effect in the quarter
• EBIT increased to SEK 844 million (721), margin 9.9 per cent (9.2)
• Profit for the period increased to SEK 601 million (495)
• Earnings per share increased to SEK 1.66 (1.37) and diluted earnings per share increased to SEK 1.66 (1.37)
January–June 2026• Net sales increased to SEK 16,902 million (15,901)
• EBITA increased to SEK 1,733 million (1,651), margin 10.3 per cent (10.4)
• EBITA increased 6 per cent year-on-year after adjustment for the negative calendar effect
• EBIT increased to SEK 1,681 million (1,612), margin 9.9 per cent (10.1)
• Net debt/EBITDA was stable at 0.8x (0.8)
• Net debt increased to SEK 2,892 million (2,598)
• Profit for the period increased to SEK 1,192 million (1,139)
• Earnings per share increased to SEK 3.30 (3.16) and diluted earnings per share increased to SEK 3.29 (3.15)
Comments from President and CEO Åsa Bergman:
"A solid quarter with improved efficiency Sweco reported a good second quarter of 2026 with net sales up 9 per cent and EBITA up 7 per cent, adjusted for calendar effects. The improvement was driven by higher average fees, a strong billing ratio and positive contributions from recent acquisitions.
In line with previous quarters, market conditions remained mixed. That said, Sweco has continued to navigate the market well, where leveraging our diversified portfolio and strong position in growing segments has resulted in an increased order book.
In parallel, we continue to execute on our M&A agenda, announcing two new acquisitions during the quarter and completing five acquisitions to date this year.
Financial performanceNet sales increased to SEK 8,567 million (7,834), with an organic growth rate of 3 per cent adjusted for calendar effects. EBITA increased to SEK 864 million (750), correspond-ing to an EBITA margin of 10.1 per cent (9.6). EBITA increased 7 per cent, or SEK 53 million, adjusted for calendar effects.
Internal efficiency measures continued to positively impact our financial performance, with the billing ratio improving to 75.9 per cent (75.2).
Sweco Denmark and Belgium maintained strong margins in the quarter, while Sweco Sweden and the Netherlands were the main contributors to the EBITA increase. Sweden benefited from a higher billing ratio and average fees as well as from the integration of the Projektengagemang acquisition. The strong result in the Netherlands was driven by an increase in average fees and positive contributions from recent acquisitions.
Acquisitions and new projects During the quarter, we completed the acquisition of Platom, a Finnish nuclear specialist consultancy. Nuclear energy is an increasingly important component of Europe’s energy transition, creating demand for highly specialised advisory and engineering services. Platom’s extensive experience and 30 experts strengthen both Sweco’s leading position in Finland as well as our strong pan-European offering in this segment.
We also announced the acquisition of Sitowise Sverige AB. The acquisition adds some 250 experts across 15 locations, thereby reinforcing Sweco’s leading position as a technology advisor in buildings and infrastructure, and expanding our strong geographical footprint in Sweden.
Sweco is Europe’s leading consultancy in transportation infrastructure, with more than 6,000 experts, and during the quarter, we won major projects in this segment. In Fin-land, Sweco will support the roll-out of the EU’s digital rail signalling system, in one of the country’s largest transport modernisation projects to date. Sweco will also support the planning of Rail Nordica, which will connect Finland’s rail network with infrastructure in Northern and Western Europe. In Sweden, Sweco will provide design and planning services for a new railway section from the country’s second-largest airport, Landvetter.
Healthcare and climate adaptation services are two additional growth areas where Sweco is well positioned. During the quarter, Sweco was commissioned to plan and design a new emergency hospital campus in Helsingborg, which will be one of Sweden’s largest healthcare property projects in modern times. Sweco also signed a contract for the modernisation and expansion of one of Poland’s public hospitals. In Norway, Sweco was awarded a framework agreement by the Norwegian Water Resources and Energy Directorate. Sweco will provide services related to flood and erosion protection across Norway, including climate adaptation measures designed to protect people, communities, property and critical infrastructure.
Priorities going forwardSummarising a solid first half of 2026, we continue to execute on our top priorities, focusing on positioning Sweco towards attractive growth segments, maintaining and improving high internal efficiency, and executing our M&A agenda. Going forward, we will remain focused on these priorities and ensure that Sweco stays at the forefront of emerging trends and use of new technology, including executing on our AI strategy.
Combined, this will position us well for long-term profitable growth."
Information meetingA web cast and telephone conference will be held following the release of the results, starting at 12:30 CEST. Åsa Bergman, President and CEO, and Jan Allde, CFO will comment on the report.
· Webcast registration: Click here · Conference call registration: Click here
Slides used in the presentation and the report will be available at the Group’s web site .
The agreement builds on the longstanding expertise of both companies and reinforces Saab's commitment to delivering sovereign Canadian capability that would create high-value work opportunities, strengthen Canada's defence industrial base, and support operational readiness for decades to come.
Under the proposed arrangement, CAE would play a central role in establishing and operating a Canadian-based training ecosystem for Gripen pilots and technicians.
As part of this collaboration, CAE would be responsible to operate and sustain advanced Gripen training systems in Canada. This includes the development of Canadian-specific simulator capabilities and the delivery of live aircraft and technical training by Canadian personnel.
The collaboration would also establish CAE at the centre of critical sovereign capabilities in Canada for the development and management of sensitive operational and mission systems information. Canadian engineers and specialists would perform classified mission systems work, including systems design, software development, verification, and integration activities - ensuring that Canadian and NORAD-related information remains in Canada and under Canadian control.In addition, the partnership would provide Canada with the capability to independently support future mission system enhancements and upgrades, strengthening Canada's operational sovereignty and long-term sustainment capacity. The agreement also opens the door for potential collaboration in markets outside of Canada, rooted in the Canadian work scope.
"Saab's approach has always been to build real capability in the countries where we operate," said Micael Johansson, CEO of Saab. "Through this partnership with CAE, we would establish a world-class, sovereign training and mission support capability in Canada, creating highly skilled jobs while ensuring that critical knowledge, expertise, and operational data remain in Canadian hands."
“This agreement reflects a shared commitment to supporting Canada's long-term defence readiness, and we’re proud to serve Canada's men and women in uniform through world-class training, simulation, and mission systems support,” said Matthew Bromberg, CAE President and CEO. “Our collaboration with Saab can help strengthen Canada's future fighter capability while creating meaningful opportunities for Canadian engineers, technicians, and aviation professionals.”
The proposed collaboration reflects Saab's commitment to delivering a Canadian solution for Canada—one that combines advanced combat capability with meaningful industrial participation, technology transfer, and enduring economic benefits for Canadians.
Contact
Saab Press Centre+46 (0)734 180 018presscentre@saabgroup.com
Sierra FullertonHead of Communications and Public Affairs, Saab Canada+1 613 222-4666sierra.fullerton@ca.saabgroup.com
Saab is a leading defence and security company with an enduring purpose, to help nations keep their people and society safe. Empowered by its 28,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations.
On track to meet full year production guidance
· Strong performance on operated assets with 94% production efficiency year-to-date · Higher production in second half 2026 with new projects and wells onstream
Record financial results
· Significant CFFO post tax of USD 2.1 billion in the quarter · Reduced net debt to USD 3.4 billion and leverage ratio to 0.4x · High available liquidity of USD 5.3 billion · Successful issuance of EUR 750 million hybrid bond · Assigned Fitch rating BBB with stable outlook
Unlocking long-term value
· Vår Energi to combine with BlueNord, increasing production, cash generation and dividend capacity · Two project sanctions developing around 110 mmboe in net 2P reserves · Breidablikk field reserves increased by 50% since PDO[1] · Active portfolio management to unlock value creation and extend field life
Delivering long term attractive returns
· Increased Q2 dividend and Q3 dividend guidance of USD 350 million[2] · Long term dividend policy of 25-30% of CFFO after tax over the cycles
“We are pleased to report record financial results in the second quarter of 2026, supported by operational delivery as planned and high realized prices. We are on track to meet full-year production guidance, with higher production expected in the second half as new projects and wells come on stream.
With significant cash flow from operations of USD 2.1 billion post tax in the quarter, the Company continues to build resilience and flexibility, with reduced debt and high available liquidity.
We continue driving strong momentum across Vår Energi and are excited about the Company’s outlook. With the sanctioning of key projects in the Balder and Gjøa areas, creating significant value, we now have 16 projects in execution and a further 30 projects being matured towards development. We have also actively optimised our NCS portfolio through a series of transactions, unlocking value creation and extending field life.
Today we are excited to announce that Vår Energi and BlueNord have agreed a combination of its businesses, creating the largest independent producer of oil and gas in Europe, with a long-term production target of around 450 thousand barrels of oil equivalent per day and reinforcing our role as a reliable and secure supplier of energy to Europe.
Together, we are creating a stronger, more diversified company with increased scale, resilience and cash generation. The combination increases production, reserves and resources, underpinning our ability to deliver long-term value to our shareholders.
As a result of the expected value creation, the Company is increasing shareholder distributions to USD 350 million for the second quarter of 2026. Dividend guidance for the third quarter of 2026 is also USD 350 million, assuming completion of the transaction. We remain committed to our long term dividend policy of 25 to 30% of cash flow from operations after tax over the cycles.”
Nick Walker, the CEO of Vår Energi
1. Plan for development and operation (PDO) 2. Each subject to 31.05.26 audited interim balance sheet with sufficient free equity and general meeting approval of dividend. The Q2 2026 dividend will be paid exclusively to existing Vår Energi shareholders. Vår Energi also intends to distribute a dividend of USD 350 million for Q3 2026 to the shareholders of the combined company. Assuming completion of the transaction by the effective date for the Q3 dividend. Should the transaction complete after the record date for the Q3 dividend, the cash consideration payable to BlueNord shareholders will be adjusted to compensate for the value of the Q3 distribution and any potential further distribution prior to closing.
Q2 2026 webcast
Vår Energi will release its quarterly results on 21 July at 07:00 CEST. A webcast followed by Q&A will be held at 10:00 CEST, hosted by CEO Nick Walker and CFO Carlo Santopadre. You can follow the webcast with supporting slides, available on: https://events.streamhub.no/vaar-energi/quarterly-reports/AU4OtQqpy5OQnygbSUxS
Contact
Investor relationsIda Marie Fjellheim, VP Investor Relations+47 90509291ida.fjellheim@varenergi.no
About Vår Energi
Vår Energi is a leading independent upstream oil and gas company on the Norwegian Continental Shelf (NCS). To learn more, please visit varenergi.no.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange release was published by Ida Fjellheim, VP Investor Relations at Vår Energi ASA, on 21 July 2026 at 07:00 CEST.
The GSMA is the leading industry association within the mobile ecosystem, bringing together more than 1,200 mobile operators and organisations to foster innovation, establish technical standards and interoperability, advocate for policy, address societal challenges, and serve as the convening body of the MWC series of events, including MWC Barcelona, recognised as the world’s largest connectivity event.
As a GSMA Member, Truecaller will participate in working groups focused on mobile security, fraud prevention, and caller identity. With more than 500 million active users across Africa, Asia, and beyond, Truecaller brings data-driven insight into spam and fraud at a scale that is difficult to match. The company will contribute its expertise to help the industry develop stronger standards for call authentication and consumer protection.
“Joining the GSMA is a natural next step for us as we continue to grow our role in the global mobile ecosystem,” says Kari Krishnamurthy, Chief Commercial & Strategy Officer (CCSO) at Truecaller. “Spam calls and fraud are a global problem that no single company can solve alone. We look forward to collaborating with operators, regulators, and technology leaders to help drive the standards and collective action needed to make every phone call safer.”
Colin Bareham, General Manager, Membership at GSMA, says: “We are pleased to welcome Truecaller as an Industry Member of the GSMA. Industry Members are vital to driving innovation and practical solutions across devices, networks, platforms and services. We look forward to collaborating with the Truecaller team across our programmes and member platforms to accelerate impact for the mobile ecosystem.”
April - June
· Net sales amounted to SEK 6,866m (6,616), an organic increase of 6 percent. Currency effects had a negative impact of 2 percent. · Gross profit amounted to SEK 2,300m (2,322), an organic increase of 2 percent. Currency effects had a negative impact of 3 percent. · EBITDA amounted to SEK 824m (760), an organic increase of7 percent. · Adjusted EBITDA amounted to SEK 858m (869), an organic increase of 4 percent. · The Annual General Meeting resolved to cancel 55,468,649 shares, corresponding to 7.2 percent of issued shares.
Key operational highlights
· Sinch announced a CEO transition, with Jonas Dahlberg appointed acting CEO to lead the next phase of execution and growth, following Laurinda Pang's decision to step down. · Sinch strengthened its leadership team with the appointments of Jonathan Bean as EVP EMEA & Global Partnerships and Sophie Cheng as Chief Marketing Officer. · Sinch established a partnership with Cursor, one of the world’s leading agentic AI tools for software development. · Sinch was named leader in the Gartner Magic Quadrant for Communications Platform as a Service for the fourth consecutive year. · Sinch was named Adobe Customer Experience Orchestration Technology Partner of the Year. · Sinch was named a leader in the inaugural IDC MarketScape for Communications Engagement Platforms.
Comments from Jonas Dahlberg, Acting CEO and CFO of Sinch“I am pleased to report 6 percent organic revenue growth in Q2, led by Americas. Americas also delivered strong organic gross profit growth of 10 percent, driven by API Platform and cost reductions in the US Network Voice business, following the continued rollout of IP-based transmission technology.
US technology companies are leading the global development of AI, with growing demand for secure, scalable and trusted customer communications infrastructure. With Americas being Sinch’s largest region and representing 66 percent of gross profit, we are well positioned to capture this growth.
At the same time, the second quarter was characterized by contrasting performance in APAC and EMEA. Combined, organic revenue growth in these regions was essentially flat, and organic gross profit declined, primarily driven by APAC. Performance in APAC was affected by a combination of temporary headwinds, and continued operational challenges in India.”
Invitation to webcast and teleconferenceA conference call and a webcast will take place at 10:00 CEST where Sinch’s Acting CEO and CFO Jonas Dahlberg and SVP Corporate Control & Product Sofia Ohlander will present the report, moderated by Mia Nordlander, SVP Investor Relations & Sustainability. A Q&A session will follow the presentation.
If you wish to participate via teleconference, please register using the link below. After registration, you will be provided with dial-in details and a unique PIN to access the conference.
Teleconference registration linkhere. The live webcast will be availablehere. The presentation and report will be available atSinch’s corporate website after publication.Please also see thefinancial calendar for other investor-related events.
For further information, please contactMia NordlanderSVP Investor Relations & SustainabilityMobile: +46735 11 53 95E-mail: mia.nordlander@sinch.com
Fredrik HallstanDirector Corporate CommunicationsMobile: +46761 15 38 30E-mail: fredrik.hallstan@sinch.com
Note: Sinch AB (publ) is required to publish the information in this report pursuant to the EU Market Abuse Regulationand the Swedish Securities Market Act. The information was released for publication by the contact persons above on July 22, 2026, at 7:30 AM CEST.
This report is published in Swedish and English. In case of any differences between the English version and the Swedish original text, the Swedish version shall apply. The report has not been reviewed by the company’s independent auditors.