Enea Q2
Andra kvartalet highlights i siffror
- Omsättningen minskade med 2,6 procent till 218,0 Mkr (223,8). Valutajusterat minskade omsättningen med 0,8 procent.
- Justerad EBITDA uppgick till 55,3 Mkr (73,1), motsvarande en justerad EBITDA-marginal om 25,4 procent (32,7).
- Resultat efter skatt uppgick till 12,5 Mkr (-8,6).
- Resultat per aktie uppgick till 0,66 kronor (-0,43).
- Kassaflöde från den löpande verksamheten uppgick till 87,8 Mkr (5,2).
https://storage.mfn.se/5f0c275f-ba6a-42f7-86a4-b245a09bf819/eneas-q2-rapport-2026.pdf
Får vi se hur det tas emot. Såhär skrev Redeye inför rapporten.
We forecast 2% organic growth in the Growth Segment and a 10% decline in Classic. At Group level we anticipate flat y/y. Due to a lower sales forecast and continued investment in the organisation, we forecast an Adj. EBITDA margin for the quarter below the 30% full-year target, at 25%.
With the share down 21% from the end of May to SEK71, the market has already digested a tougher Q2. The 2027 growth path hinges on whether the sales pipeline builds fast enough to support the 2026-2028 Strategy’s 10% CAGR target. At SEK71 the risk/reward looks balanced — the 21% drawdown has priced in a weak quarter, but with shares at the 5.5x median and the 2027 acceleration still unproven, we see neither a clear entry nor a reason to sell.
Redeye's Base Case is SEK90, implying 6.6x EV/EBITDA on 2026e estimates — a premium to the 5.5x median next-twelve-months EV/EBITDA seen over the past three years, where the shares currently trade.
Rullande 12 nästan 5,69kr o vinst per aktie. Så ser väl inte så dyrt ut?
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