Earnings call transcript: Solwers posts weaker Q2 2026 results as margins shrink
Solwers reported weaker second-quarter 2026 results, with revenue falling 5.1% from the previous year and profitability significantly declining. The H1 2026 EBITA margin dropped to 0.7%, as the Nordic consulting firm faced lower billing rates, pricing pressure, and underperformance in a few Swedish units. The company's market capitalization is $20 million, and it trades at a Price-to-Book ratio of 0.42, indicating potential upside for patient investors.
The stock initially dropped 1.18% to $1.68 in pre-market trading. H1 2026 revenue was EUR 41.8 million, down 1.2% year over year, while Q2 revenue declined 5.1% to EUR 20.8 million. EBITA fell to EUR 0.3 million, with an EBITA margin of 0.7%, below Solwers' long-term target of above 9%. Management cited the inability to pass wage inflation to clients and underperformance in Swedish industrial consulting and architectural businesses as key factors.
The company expects improvement from cost savings and tighter discipline, but full effects are expected in Q4 2026.
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