Bravida Holding AB recorded net sales of SEK 7,629 million in the second quarter of 2026, up from SEK 6,974 million in the same quarter a year earlier. The company cited 9% organic growth that extended across all of its business segments.
Underlying profitability strengthened notably. EBITA climbed 51% to SEK 570 million from SEK 378 million the prior year, lifting the reported EBITA margin to 7.5% compared with 5.4% in the same period last year. The quarter included a net positive impact of SEK 118 million from non-recurring items - SEK 158 million of proceeds from the divestment of ABEKA El och Kraftanläggningar AB, partially offset by SEK 40 million in restructuring costs. On an adjusted basis that strips out those non-recurring items, Bravida reported an EBITA margin of 5.9% for the quarter.
Profit after tax increased to SEK 429 million, a 59% rise from SEK 269 million a year earlier. Basic and diluted earnings per share were SEK 2.10, up from SEK 1.31 in the comparable quarter.
Order intake showed a marked uplift, jumping 44% to SEK 11,691 million from SEK 8,109 million in the prior-year quarter. The company’s order backlog grew to SEK 20,372 million at the end of the quarter, compared with SEK 16,854 million a year earlier. Management attributed much of the backlog increase to a large data-centre contract near Stavanger, Norway, in which Bravida’s share through a joint venture exceeds SEK 4.3 billion. That project is scheduled to continue through 2028 or 2029.
Following the close of the quarter, Bravida announced two additional data-centre wins in Sweden and Finland with values of SEK 650 million and SEK 2.2 billion respectively.
For the first half of 2026, the company reported net sales of SEK 14,674 million, a 6% increase from SEK 13,862 million in the first half of 2025. EBITA for the six-month period rose to SEK 895 million from SEK 685 million, improving the half-year EBITA margin to 6.1% from 4.9%.
Cash flow from operating activities for the second quarter was SEK 96 million, compared with SEK 123 million in the same quarter last year. Cash conversion for the rolling 12 months stood at 77%.
On capital allocation, Bravida completed a SEK 100 million share repurchase program during the period. After the quarter-end, the board approved a new buyback authorization for up to SEK 100 million.
Context for industrial and markets watchers
The combination of solid organic growth, improved margins and significant data-centre contract awards is likely to draw attention from investors focused on industrial services, building infrastructure and data-centre supply chains. The timing and size of the large joint-venture data-centre project will be relevant for revenue recognition and cash flow through 2028-2029.