Synsam Q2 2026 slides: organic growth accelerates to 9.8%

Synsam Group reported robust second-quarter 2026 results on August 21, with organic growth accelerating to 9.8%. The Nordic optical retailer, operating 600 stores across Sweden, Norway, Denmark, and Finland, saw stock rise 6.61% to $59.7 following the presentation. Synsam's net sales increased by 11.3% to 2,049 million Swedish kronor, driven by a 16.6% growth in its subscription business.

EBIT increased to 290 million kronor, with the EBIT margin compressing slightly to 13.9%. EBITDA rose to 513 million kronor, with a margin of 24.6%. Gross margin improved to 73.6%, and earnings per share jumped to 1.35 kronor, a 71% increase. Four Nordic markets delivered organic growth, with Sweden showing the strongest performance at 8.9% organic growth and Norway the strongest among mature markets at 10.0%.

The subscription model continued its growth trajectory, with quarterly revenue up 16.6% to 1,104 million kronor and active customer base expanding to 782,000 subscribers.