Second quarter 2026 highlights
- Revenue increased by 5.7 per cent to MSEK 2,611 (2,470). Organic growth was 1.3 per cent.
- Gross margin was 40.7 per cent (40.1).
- Adjusted EBITA increased to MSEK 187 (144), corresponding to an adjusted EBITA margin of 7.2 per cent (5.8).
- Operating profit increased to MSEK 158 (98) and the operating margin increased to 6.1 per cent (4.0).
Operating profit was charged with items affecting comparability of MSEK -10 (-28). - Profit amounted to MSEK 103 (46).
- Earnings per share amounted to SEK 2.02¹ (0.88¹).
- Cash flow from operating activities amounted to MSEK 338 (150).
First half 2026 highlights
- Revenue increased by 5.7 per cent to MSEK 4,969 (4,702). Organic growth was 3.1 per cent.
- Gross margin was 40.8 per cent (40.5).
- Adjusted EBITA increased to MSEK 300 (218), corresponding to an adjusted EBITA margin of 6.0 per cent (4.6).
- Operating profit increased to MSEK 237 (135) and the operating margin increased to 4.8 per cent (2.9).
Operating profit was charged with items affecting comparability of MSEK -26 (-47). - Profit amounted to MSEK 146 (63).
- Earnings per share amounted to SEK 2.87¹ (1.22¹).
- Cash flow from operating activities amounted to MSEK 547 (112).
1) Before and after dilution.
Significant events during the second quarter
- Alligo has decided to acquire land neighbouring the Group’s logistics centre in Örebro and to begin an expansion of 6,500 square metres in 2027. This investment will enable continued highly efficient logistics in line with future growth.
- On 4 May, Alligo completed the acquisitions of 100 per cent of the shares in Svets & Robotteknik i Småland AB and Svetsexperten i Kalmar AB. The companies have operations in Växjö, Vetlanda and Kalmar and together generate annual revenue of MSEK 56 and have 15 employees.
- The Annual General Meeting on 20 May approved a dividend of SEK 2.20 per share (2.00).
- The Annual General Meeting on 20 May voted to re-elect Board members Göran Näsholm, Stefan Hedelius, Cecilia Marlow, Johan Lilliehöök and Alexandra Fürst and to elect Johan Eklund and Oscar Fredell as new Board members. Göran Näsholm was re-elected Chair of the Board of Directors.
- On 1 June, Samuel Alteborg took up the position of the new President and CEO of Alligo.
Events after the end of the period
- No significant events have occurred since the end of the period.
Comments from the CEO
“In my visits to stores, logistics centres and customers, I have found a company that is characterized by strong expertise, a high level of commitment and the drive to help our customers in their everyday business.”
“The second quarter was characterised by stable development and improved profitability, although the market remained cautious in several customer segments.”
“Sales work remains a priority and there are good opportunities both in gaining more small and medium-sized customers and broadening the customer base in all countries and in further developing large-customer business through improved sales management and increased cross-selling.”
“Alligo is a well-run company with a strong foundation to build on. I am humbly looking forward to taking the next steps in Alligo’s growth journey together with our employees, customers and partners.”
Presentation of the interim report for the second quarter 2026
Alligo publishes its interim report for the second quarter 2026 on Friday, 17 July 2026, at 08:00 a.m. CEST. In conjunction with this, Alligo is pleased to issue this invitation to a webcast conference call in which Group President & CEO Samuel Alteborg and CFO & Deputy CEO Irene Wisenborn Bellander will present the report and answer any subsequent questions. The presentation will be held in English.
Date and time: Friday, 17 July 2026 at 11:00 a.m. CEST
Web link: https://www.alligo.com/en/report/q2-2026/
Telephone conference: https://register-conf.media-server.com/register/BIc09ccff873be4b099e506b3099e045c7
To participate in the conference call, you need to register via the link above before the conference starts. When you register, you will receive a phone number and a personal code.
Key figures
| Group | 2026 APR–JUN |
2025 APR–JUN |
2026 JAN–JUN |
2025 JAN–JUN |
30/06/2026 12 months to |
2025 JAN–DEC |
| Revenue, MSEK | 2,611 | 2,470 | 4,969 | 4,702 | 9,818 | 9,551 |
| Gross profit, MSEK | 1,063 | 991 | 2,025 | 1,904 | 4,044 | 3,923 |
| Gross margin, % | 40.7 | 40.1 | 40.8 | 40.5 | 41.2 | 41.1 |
| Operating profit, MSEK | 158 | 98 | 237 | 135 | 573 | 471 |
| Operating margin, % | 6.1 | 4.0 | 4.8 | 2.9 | 5.8 | 4.9 |
| Adjusted EBITA, MSEK | 187 | 144 | 300 | 218 | 697 | 615 |
| Adjusted EBITA margin, % | 7.2 | 5.8 | 6.0 | 4.6 | 7.1 | 6.4 |
| Return on equity, % | 9 | 7 | ||||
| Equity per share2, SEK | 77.38 | 72.05 | 77.38 | 72.05 | 77.38 | 74.89 |
| Equity/assets ratio, % | 40 | 38 | 40 | 38 | 40 | 39 |
| 1) Before and after dilution. | ||||||
| 2) Refers to equity attributable to the Parent Company’s shareholders. | ||||||
Message from the CEO
Samuel Alteborg, Group President and CEO
In my visits to stores, logistics centres and customers, I have found a company that is characterised by strong expertise, a high level of commitment and the drive to help our customers in their everyday business.
The positive trend of improved profit and organic growth continued during the second quarter. Since becoming CEO on 1 June, I have benefited from the opportunity to travel around and spend a lot of time out in Alligo’s operations. All these positive traits provide a strong foundation as we now set our sights higher together and aim to develop Alligo to be an even better company in the future.
Second quarter
The second quarter was characterised by stable development and improved profitability, although the market remained cautious in several customer segments.
Revenue amounted to MSEK 2,611 (2,470), an increase of 5.7 per cent. There was one more trading day than in the comparison quarter and currency translation effects had an impact on revenue of 1.3 per cent.
Organic growth was 1.3 per cent (-4.3) and growth through acquisitions was 1.4 per cent (9.7).
We are seeing positive trends on the market in Sweden and Alligo continues to attract customers to its stores. At the same time, there is continued restraint among customers, who are buying only what is necessary in order to meet their immediate needs.
In Norway, sales continued to be affected by a weaker trend within oil and gas. Although we are seeing opportunities within other customer segments, these have not yet fully compensated for the decline. Going forward, the focus is on strengthening sales, improving margins and ensuring an efficient cost base.
The recovery within the industrial segment continued to head in the right direction in Finland. We are also seeing the impact of the efficiency measures implemented and we are taking steps to attract small and medium-sized companies on the market.
Adjusted EBITA for the quarter increased to MSEK 187 (144) and the adjusted EBITA margin increased to 7.2 per cent (5.8). The improvement in profit is the result of increased volumes, improved margins and previously implemented cost adjustments.
Continued focus on sales
Sales work remains a priority and there are good opportunities both in gaining more small and medium-sized customers and broadening the customer base in all countries and in further developing large-customer business through improved sales management and increased cross-selling. We must ensure that we make the right moves here in order to take market share within all our customer groups.
One example of an initiative that strengthens our position with both new and existing customers is the full-service solution for workwear, ReCare, which has developed well since its launch in 2025. We can see that the service gives us a way in to new customers, strengthens relationships with existing customers, drives sales of our own workwear brands and opens up opportunities for cross-selling within other product areas such as tools and consumables.
A strong foundation to build on
It has become clear to me in just a short time that Alligo is a company with key fundamental assets in place in the form of its store network, assortment and procurement, and efficient basic processes, as well as its people and expertise. The business has already come a long way in all areas and we have a leading position on the market. We have an incredibly strong range within many product groups and well-established own brands, particularly within clothing and PPE.
At the same time, there is great potential for further development in all areas and we are assessing where we can best target our efforts and energy. Sales are one area, but we also have major opportunities on the acquisition side. Internally, we can also enhance execution within the organisation to achieve even greater effects from the changes we are making.
Alligo is a well-run company with a strong foundation to build on. I am humbly looking forward to taking the next steps in Alligo’s growth journey together with our employees, customers and partners.