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Bravida Q2 Profit Jumps 59% on Strong Sales and Record Data Centre Orders
Summary
Bravida Holding AB reported a 59% increase in second-quarter profit, fueled by 9% organic sales growth and a 44% surge in order intake from major data centre projects.
Bravida Holding AB (BRAV) posted a significant increase in profitability and sales for the second quarter of 2026, driven by strong organic growth and a substantial influx of new orders, particularly from the data centre sector.
Strong Quarterly Performance
The company reported a 51% increase in EBITA to SEK 570 million, up from SEK 378 million in the same period last year. This lifted the EBITA margin to 7.5% from 5.4%. The results included a net positive impact of SEK 118 million from non-recurring items, primarily from the divestment of ABEKA El och Kraftanläggningar AB. Excluding these items, the adjusted EBITA margin stood at 5.9%.
Key financial highlights for the second quarter include:
- Net Sales: Increased by 9% to SEK 7,629 million.
- Organic Growth: Reached 9% across all business segments.
- Profit After Tax: Grew 59% to SEK 429 million.
- Earnings Per Share: Rose to SEK 2.10 from SEK 1.31 in the prior-year quarter.
Order Book Swells on Data Centre Demand
AdBravida saw its order intake jump by 44% to SEK 11,691 million. A significant portion of this growth came from a major data centre order near Stavanger, Norway, where Bravida's share in a joint venture amounts to over SEK 4.3 billion. This project is scheduled to run until 2028 or 2029.
The company's total order backlog at the end of the quarter stood at SEK 20,372 million, a substantial increase from SEK 16,854 million a year earlier. Momentum continued after the quarter, with Bravida securing two additional data centre contracts in Sweden and Finland valued at a combined SEK 2.85 billion.
Cash Flow and Shareholder Returns
Cash flow from operating activities was SEK 96 million for the quarter, a decrease from SEK 123 million in the second quarter of 2025. The cash conversion for the rolling twelve-month period was 77%.
Bravida also completed a share repurchase program of SEK 100 million. Following the quarter's end, the board approved a new repurchase program for a maximum of another SEK 100 million, signaling continued confidence in the company's financial position.