Interim report
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Cheffelo Interim Report January - June 2026 | Cheffelo AB ( publ ) Operating profit doubling in Q2 on higher Net sales Second quarter 2026 ( Q2 2025 ) • Net sales increased by 26.6 % to MSEK 331.2 ( 261.7 ) . Growth excluding currency effects of 23.8 % ( 5.1 % ) • Operating profit ( EBIT ) at MSEK 44.4 ( 21.4 ) , a margin of 13.4 % ( 8.2 % ) • Net profit for the period after taxes at MSEK 35.3 ( 17.0 ) • Earnings per share before and after dilution at SEK 2.71 ( 1.34 ) First half 2026 ( H1 2025 ) • Net sales increased by 18.0 % to MSEK 705.8 ( 598.0 ) . Growth excluding currency effects of 17.5 % ( 12.0 % ) Operating profit ( EBIT ) at MSEK 80.0 ( 41.9 ) , a margin of 11.3 % ( 7.0 % ) · • Net profit for the period after taxes at MSEK 60.8 ( 33.2 ) • Earnings per share before and after dilution at SEK 4.67 ( 2.61 ) 18.0 % ( 9.6 % ) H1 Net sales growth 32.1 % ( 31.6 % ) H1 Contribution margin Highlights during the second quarter of 2026 • During the period the dividend of SEK 7.05 ( 3.32 ) per share was paid , corresponding to a total amount of MSEK 91.8 ( 42.1 ) A long - term incentive program ( LTIP 2026/2029 ) was approved at the Annual General Meeting . A total of 30 930 warrants were subscribed for at an exercise price of SEK 155.30 . The warrants may be exercised in 2029 . KSEK , unless otherwise stated Apr - Jun Apr - Jun 2026 A % Net sales 331 203 2025 261 691 26.6 % Jan - Jun Jan - Jun 2026 2025 705 814 A % LTM FY 2025 597 967 18.0 % 1295 804 1187956 Net sales growth excluding currency effects , % * 23.8 5.1 17.5 12.0 n / a 15.1 Active customers , ( in thousands ) * Deliveries , ( in thousands ) * 72.4 66.0 9.6 % 72.4 66.0 9.6 % n / a 78.4 356 300 18.4 % 772 689 12.0 % 1439 1356 Average order value , SEK * Sales and marketing expenses * in % of net sales * 931 871 6.9 % 914 868 5.3 % 901 -21 541 -19 522 -10.3 % -66 220 -67 148 1.4 % -130 078 Contribution margin * -6.5 105 337 -7.5 79 411 32.6 % -9.4 226 565 -11.2 189 060 19.8 % -10.0 402 088 876 -131006 -11.0 364 583 Contribution margin , % * Operating profit ( EBIT ) 31.8 44 366 30.3 32.1 21 418 107.1 % EBIT margin , % Cash flow from operating activities Earnings per share , before dilution ( SEK ) Earnings per share , after dilution ( SEK ) * For definitions , see page 23 , chapter " Definitions of Alternative key performance indicators " 13.4 8.2 80 034 11.3 24 709 18 086 36.6 % 89 283 31.6 41943 7.0 48 441 90.8 % 31.0 111 482 30.7 73 391 84.3 % 8.6 167 019 6.2 126 178 2.71 1.34 4.67 2.61 6.54 4.47 2.71 1.34 4.67 2.61 6.54 4.47 Cheffelo . Godtlevert . Linas . Retnemt .