Orthex Q2 2026 slides: Nordic sales surge, but margins face pressure

Orthex Group reported a decline in its Q2 2026 financials, with strong Nordic sales growth countered by high inflation and pressure on profit margins. The Finnish housewares manufacturer saw a 5.2% increase in net sales to EUR 21.6 million, but adjusted EBITA margins fell to 6.3% from 8.4% a year earlier as raw material costs soared.

The company prioritized price increases and negotiations over new growth initiatives in Rest of Europe, where sales declined 10.5% to EUR 4.6 million. Despite the challenges, Orthex generated positive operating cash flow of EUR 1.8 million and maintained a vertically integrated business model with factories in key markets.