InfraCom (Q2 Initial take): Turnaround needs further work - Redeye
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InfraCom (Q2 Initial take): Turnaround needs further work - Redeye

InfraCom’s Q2 2026 report fell short of expectations against an easy comparable, with net sales growing 1.7% versus Redeye’s estimate of 3.6%, landing at SEK196m against SEK200m expected. The shortfall sits in Document Solutions and Visual Communication, where combined sales fell 12.4% y/y. EBITA of SEK15.5m was 8.8% below Redeye’s SEK17.0m forecast, driven by the same two segments. The EBITA margin fell to 7.9% from 8.6%, some 410bp below the lower end of the 12-15% target. Redeye reads the quarter as confirmation that the turnaround has further to run and expects the share to fall up to 10%.

InfraCom’s Q2 2026 report fell short of expectations against an easy comparable, with net sales growing 1.7% versus Redeye’s estimate of 3.6%, landing at SEK196m against SEK200m expected. The shortfall sits in Document Solutions and Visual Communication, where combined sales fell 12.4% y/y. EBITA of SEK15.5m was 8.8% below Redeye’s SEK17.0m forecast, driven by the same two segments. The EBITA margin fell to 7.9% from 8.6%, some 410bp below the lower end of the 12-15% target. Redeye reads the quarter as confirmation that the turnaround has further to run and expects the share to fall up to 10%.
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