MacGregor’s Q2 performance

  • MacGregor’s second quarter 2026 was characterised by strong order intake in all divisions, and higher profitability was driven by continued disciplined project execution, active cost management, and ongoing progress in the implementation of our Full Ahead strategy.
  • Orders received increased by 82 percent compared to Q2 2025 and totalled EUR 351.2 (192.8) million.
  • The order book amounted to EUR 1,228.3 (30 June 2025: 1,059.4) million at the end of the period.
  • Sales decreased by 4 percent and totalled EUR 207.0 (Q2 2025: 216.0) million.
  • Adjusted EBITDA increased by 14 percent and amounted to EUR 34.6 (30.4) million, representing 16.7 (14.1) percent of sales
  • Adjusted EBIT increased by 25 percent and amounted to EUR 31.9 (25.4) million, representing 15.4 (11.8) percent of sales. The items affecting comparability are mainly related to compensation for an insurance claim and costs linked to strategic profit acceleration projects and selected restructuring initiatives.
  • EBIT increased by 173 percent and amounted to EUR 34.0 (12.5) million representing 16.4 (5.8) percent of sales
  • Cash flow from operations before finance items and taxes totalled EUR 34.4 (22.4) million.
  • The leverage ratio increased to 1.01 following the EUR 119.5 million dividend that was decided at an extraordinary general meeting on 24 April 2026. (31 March 2026: 0.30).


MacGregor’s Q1 to Q2 performance

  • MacGregor achieved a strong order intake, continued profitability expansion and a solid cash conversion during the first half of 2026.
  • Orders received increased by 30 percent from the comparison period and totaled EUR 603.5 (464.3) million.
  • The order book amounted to EUR 1,228.3 (30 June 2025: 1,059.4) million at the end of the period.
  • Sales increased by 1 percent and amounted to EUR 437.6 (434.5) million.
  • Adjusted EBITDA increased by 18 percent and amounted to EUR 69.4 (59.0) million, representing 15.9 (13.6) percent of sales.
  • Adjusted EBIT increased by 28 percent and totaled EUR 64.0 (50.0) million, representing 14.6 (11.5) percent of sales.
  • EBIT increased by 76 percent to EUR 62.4 (35.5) million, representing 14.3 (8.2) percent of sales.
  • Cash flow from operations before finance items and taxes totalled EUR 65.4 (47.8) million.
  • The leverage ratio increased to 1.01.


MacGregor CEO Jonas Gustavsson:

“The second quarter of 2026 was characterised by continued strong demand for MacGregor’s solutions, resulting in a record-high order intake of EUR 351.2 million. This represents an 82% increase year-on-year, supported by strong sales execution and demand. The high order intake was broad-based across all divisions. It further strengthened our order book, which reached EUR 1,228 million at the end of Q2 2026, providing continued good visibility for the years ahead.

Sales for the quarter, EUR 207.0 million, were slightly lower than in the comparison period the year before, reflecting customer delivery schedules and business mix.

At the same time, we improved our profitability margins and increased profit. Our adjusted EBIT increased by 25 percent to EUR 31.9 million, corresponding to an adjusted EBIT margin of 15.4 percent, a significant improvement of 3.6 percentage points from the comparison period. The improved performance was driven by continued disciplined project execution, active cost management, and ongoing progress in the implementation of our Full Ahead strategy.

Having maintained strong momentum during the first half of the year, we enter the second half with confidence and remain fully committed to executing our strategy with the same focus and determination.”