Earnings call transcript: InstallatørGruppen posts strong H1 2026 growth, shares slide

InstallatørGruppen reported a strong first half of 2026, with revenue rising 29.5% to DKK 2.2 billion. The adjusted EBITDA increased 34.6% year-over-year, boosting the margin to 9.3% from 9.1% a year earlier. The company's strong performance was driven by acquisitions completed in 2025 and 2026, as well as modest organic expansion.

Denmark's business remained the main profit engine, with revenue up 15.9% to DKK 1.9 billion and an EBITDA margin of 9.3%. Switzerland's revenue grew to DKK 322 million, turning the unit profitable after a loss in the prior year. The company's shares fell 15.09% to $10.41, near the bottom of its 52-week range. Management attributed the decline to harsh winter weather delaying projects into the second half of the year.