Overview

• Swedish fiber solutions provider's Q2 net sales rose 11% organically, adjusted EBITA up 33%

• Fiber Solutions growth driven by U.S. market demand and performance improvement program

• Company completed two acquisitions and raised SEK 600 mln via share issue in Q2

Outlook

• Hexatronic expects Q3 2026 results to be in line with Q2 2026

• Company expects continued strong growth in Data Center with similar margins as recent quarters

• Hexatronic anticipates modest margin improvement in Harsh Environment in H2 2026

Result Drivers

• US MARKET DEMAND - Higher volumes in the US drove organic growth and margin expansion in Fiber Solutions, per CEO

• DATA CENTER GROWTH - Continued high demand, especially in the US, and the acquisition of Superior Fiber & Data Services fueled Data Center sales

• HARSH ENVIRONMENT HEADWINDS - Unfavorable product mix and delayed oil and gas projects weighed on Harsh Environment sales and margins

Company press release: ID:nMFN8GpQXB

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Revenue		SEK 2.25 bln
Q2 Net Income		SEK 131 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electrical components & equipment peer group is "buy"

• Wall Street's median 12-month price target for Hexatronic Group AB is SEK43.00, about 25.7% above its July 14 closing price of SEK34.20

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

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