{"success":true,"data":{"pressRelease":{"id":"91218","rtpr_id":"nWkrbDlXgl","ticker":"SVIK","exchange":"Nasdaq Stockholm","all_tickers":["SVIK"],"title":"Studsvik's Interim Report for the Second Quarter 2026","author":"Cision","published_at":"2026-07-17T06:00:22.702Z","article_body":"Studsvik AB\nStudsvik is growing and building for the future\n\n \n\n \n\n Second quarter * Sales in the quarter amounted to SEK 247.0 (227.6) million, an increase of 8.5 per cent. In local currencies this is equivalent to an increase of 9.2 per cent.                                                                                  January – June * Sales in the first half of the year amounted to SEK 473.4 (454.6) million, an increase of 4.1 per cent. In local currencies this represents an increase of 6.7 per cent.                                                                        \n * Operating profit for the quarter amounted to SEK 9.2 (17.6) million, corresponding to an operating margin of 3.7 (7.7) per cent. Adjusted operating profit, excluding items affecting comparability, amounted to SEK 14.3 million with an adjusted operating    * Operating profit for the first half was SEK 21.6 (37.0) million. The operating margin was 4.6 (8.1) per cent. Adjusted for items affecting comparability, operating profit amounted to SEK 26.6 million and the adjusted operating margin was 5.6 per cent.    \n margin of 5.8 per cent.                                                                                                                                                                                                                                           * Free cash flow for the first half was SEK –72.0 (38.3) million. The completed acquisition of Kärnfull Next AB had an impact on cash flow of SEK –34.1 million.                                                                                                 \n * Free cash flow for the quarter was SEK –59.6 (–1.3) million.  The completed acquisition of Kärnfull Next AB had an impact on cash flow of SEK –34.1 million.                                                                                                                                                                                                                                                                                                                                                                     \n Events during the quarter* Studsvik completed the acquisition of Kärnfull\nNext AB, thereby taking an important step to broaden its new build offering.\nAs part of the transaction a directed share issue was carried out, increasing\nthe total number of shares in Studsvik AB by 124,959 (dilution of 1.5 per\ncent), from 8,218,611 to 8,343,570 shares.\n \n* In May Studsvik submitted an application to the Swedish Government to\nestablish between 600 and 1,400 MW of new nuclear power at and adjacent to the\ncompany’s site in Nyköping. The application supplements the Group’s\nearlier application for an SMR project in Valdemarsvik and marks an important\nstep in the ReFirm programme. ReFirm is the collective name for Studsvik’s\nprogramme to develop new nuclear power in the form of small modular reactors\n(SMRs) in Sweden. In June Studsvik submitted an application to the Ministry of\nFinance regarding state support for the development of new nuclear power in\nSweden.\n \n* During the quarter we entered into a partnership with US-based Lightbridge\non software for advanced nuclear fuel, for the light-water reactors of today\nand tomorrow. We also signed our first US customer agreement for our software\nwithin Advanced Reactors (AMR).\n \n* During the quarter allotment was made under the company’s long-term\nperformance-based share programme LTIP 2026/2029. The programme aims to create\nlong-term commitment among senior executives and key employees, and to align\nthe interests of participants with those of Studsvik’s shareholders. During\nthe quarter a total of 256,000 class E shares (hurdle shares) related to LTIP\nwere issued and repurchased.\n \n* The Executive Management Team was strengthened by the addition of John\nAhlberg (Chief Marketing Officer), Christian Sjölander (Head of New Build\nProjects) and Ramona Michel (Business Area President, Decommissioning &\nRadiation Protection Services).\n \nThe Group in summary\n                                         Q2            Jan-Jun       Jan-Dec  \n                                         2026   2025   2026   2025   2025     \n Net sales, SEK million                  247.0  227.6  473.4  454.6  883.3    \n Operating profit, SEK million           9.2    17.6   21.6   37.0   68.6     \n Adjusted operating profit, SEK million  14.3   17.6   26.6   37.0   68.8     \n Operating margin, %                     3.7    7.7    4.6    8.1    7.8      \n Adjusted operating margin, %            5.8    7.7    5.6    8.1    7.8      \n Profit after tax, SEK million           7.4    9.8    11.9   18.7   37.3     \n Free cash flow, SEK million             -59.6  -1.3   -72.0  38.3   98.3     \n Net debt, SEK million                   138.9  118.7  138.9  118.7  65.1     \n Net debt/equity ratio, %                31.1   31.1   31.1   31.1   16.8     \n Profit per share after tax, SEK         0.89   1.20   1.44   2.27   4.54     \n Equity per share, SEK                   52.02  46.48  52.02  46.48  47.09    \n\n \n\nThe Interim Report will be presented at a telephone conference call according\nto separately distributed invitation at 10:00 (CEST) today.\n\n \n\nPlease find the full interim report in the attached file.\n\n \n\nFor further information, please contact:\nPeter Teske\nChief Financial Officer\nPhone +46 (0)76 496 60 41\n\n \n\nFacts about Studsvik\n\nStudsvik offers a range of advanced technical services to the global nuclear\npower industry. Studsvik’s business focus areas are fuel and materials\ntechnology, reactor analysis software, decontamination and radiation\nprotection as well as technical platforms for handling, conditioning and\nvolume reduction of radioactive waste. The company has more than 75 years’\nexperience of nuclear technology and radiological services. Studsvik has\napprox. 500 employees in 6 countries and the company’s shares are listed on\nNasdaq Stockholm.\n\n \n\nThis information is information that Studsvik AB (publ) is obliged to disclose\npursuant to the EU Market Abuse Regulation and Sweden’s Securities Markets\nAct. The information was released for public disclosure, through the agency of\nthe contact person above, on 17 July 2026 at 08:00 CEST.\n\n \n\nwww.studsvik.com\n\n \n\nhttps://news.cision.com/studsvik-ab/r/studsvik-s-interim-report-for-the-second-quarter-2026%2Cc4375583\n\nStudsvik Interim Report Q2 2026\n(https://mb.cision.com/Main/4019/4375583/4196776.pdf)\n\nStudsvik PR Interim Report Q2 2026\n(https://mb.cision.com/Public/4019/4375583/9bbd98d30d772796.pdf)\n\n\n\n(c) Cision 2026","article_body_html":"","raw_payload":{"data":{"id":"nWkrbDlXgl","title":"Studsvik's Interim Report for the Second Quarter 2026","author":"Cision","ticker":"SVIK","created":"2026-07-17T06:00:22.702Z","tickers":["SVIK"],"exchange":"Nasdaq Stockholm","article_body":"Studsvik AB\nStudsvik is growing and building for the future\n\n \n\n \n\n Second quarter * Sales in the quarter amounted to SEK 247.0 (227.6) million, an increase of 8.5 per cent. In local currencies this is equivalent to an increase of 9.2 per cent.                                                                                  January – June * Sales in the first half of the year amounted to SEK 473.4 (454.6) million, an increase of 4.1 per cent. In local currencies this represents an increase of 6.7 per cent.                                                                        \n * Operating profit for the quarter amounted to SEK 9.2 (17.6) million, corresponding to an operating margin of 3.7 (7.7) per cent. Adjusted operating profit, excluding items affecting comparability, amounted to SEK 14.3 million with an adjusted operating    * Operating profit for the first half was SEK 21.6 (37.0) million. The operating margin was 4.6 (8.1) per cent. Adjusted for items affecting comparability, operating profit amounted to SEK 26.6 million and the adjusted operating margin was 5.6 per cent.    \n margin of 5.8 per cent.                                                                                                                                                                                                                                           * Free cash flow for the first half was SEK –72.0 (38.3) million. The completed acquisition of Kärnfull Next AB had an impact on cash flow of SEK –34.1 million.                                                                                                 \n * Free cash flow for the quarter was SEK –59.6 (–1.3) million.  The completed acquisition of Kärnfull Next AB had an impact on cash flow of SEK –34.1 million.                                                                                                                                                                                                                                                                                                                                                                     \n Events during the quarter* Studsvik completed the acquisition of Kärnfull\nNext AB, thereby taking an important step to broaden its new build offering.\nAs part of the transaction a directed share issue was carried out, increasing\nthe total number of shares in Studsvik AB by 124,959 (dilution of 1.5 per\ncent), from 8,218,611 to 8,343,570 shares.\n \n* In May Studsvik submitted an application to the Swedish Government to\nestablish between 600 and 1,400 MW of new nuclear power at and adjacent to the\ncompany’s site in Nyköping. The application supplements the Group’s\nearlier application for an SMR project in Valdemarsvik and marks an important\nstep in the ReFirm programme. ReFirm is the collective name for Studsvik’s\nprogramme to develop new nuclear power in the form of small modular reactors\n(SMRs) in Sweden. In June Studsvik submitted an application to the Ministry of\nFinance regarding state support for the development of new nuclear power in\nSweden.\n \n* During the quarter we entered into a partnership with US-based Lightbridge\non software for advanced nuclear fuel, for the light-water reactors of today\nand tomorrow. We also signed our first US customer agreement for our software\nwithin Advanced Reactors (AMR).\n \n* During the quarter allotment was made under the company’s long-term\nperformance-based share programme LTIP 2026/2029. The programme aims to create\nlong-term commitment among senior executives and key employees, and to align\nthe interests of participants with those of Studsvik’s shareholders. During\nthe quarter a total of 256,000 class E shares (hurdle shares) related to LTIP\nwere issued and repurchased.\n \n* The Executive Management Team was strengthened by the addition of John\nAhlberg (Chief Marketing Officer), Christian Sjölander (Head of New Build\nProjects) and Ramona Michel (Business Area President, Decommissioning &\nRadiation Protection Services).\n \nThe Group in summary\n                                         Q2            Jan-Jun       Jan-Dec  \n                                         2026   2025   2026   2025   2025     \n Net sales, SEK million                  247.0  227.6  473.4  454.6  883.3    \n Operating profit, SEK million           9.2    17.6   21.6   37.0   68.6     \n Adjusted operating profit, SEK million  14.3   17.6   26.6   37.0   68.8     \n Operating margin, %                     3.7    7.7    4.6    8.1    7.8      \n Adjusted operating margin, %            5.8    7.7    5.6    8.1    7.8      \n Profit after tax, SEK million           7.4    9.8    11.9   18.7   37.3     \n Free cash flow, SEK million             -59.6  -1.3   -72.0  38.3   98.3     \n Net debt, SEK million                   138.9  118.7  138.9  118.7  65.1     \n Net debt/equity ratio, %                31.1   31.1   31.1   31.1   16.8     \n Profit per share after tax, SEK         0.89   1.20   1.44   2.27   4.54     \n Equity per share, SEK                   52.02  46.48  52.02  46.48  47.09    \n\n \n\nThe Interim Report will be presented at a telephone conference call according\nto separately distributed invitation at 10:00 (CEST) today.\n\n \n\nPlease find the full interim report in the attached file.\n\n \n\nFor further information, please contact:\nPeter Teske\nChief Financial Officer\nPhone +46 (0)76 496 60 41\n\n \n\nFacts about Studsvik\n\nStudsvik offers a range of advanced technical services to the global nuclear\npower industry. Studsvik’s business focus areas are fuel and materials\ntechnology, reactor analysis software, decontamination and radiation\nprotection as well as technical platforms for handling, conditioning and\nvolume reduction of radioactive waste. The company has more than 75 years’\nexperience of nuclear technology and radiological services. Studsvik has\napprox. 500 employees in 6 countries and the company’s shares are listed on\nNasdaq Stockholm.\n\n \n\nThis information is information that Studsvik AB (publ) is obliged to disclose\npursuant to the EU Market Abuse Regulation and Sweden’s Securities Markets\nAct. The information was released for public disclosure, through the agency of\nthe contact person above, on 17 July 2026 at 08:00 CEST.\n\n \n\nwww.studsvik.com\n\n \n\nhttps://news.cision.com/studsvik-ab/r/studsvik-s-interim-report-for-the-second-quarter-2026%2Cc4375583\n\nStudsvik Interim Report Q2 2026\n(https://mb.cision.com/Main/4019/4375583/4196776.pdf)\n\nStudsvik PR Interim Report Q2 2026\n(https://mb.cision.com/Public/4019/4375583/9bbd98d30d772796.pdf)\n\n\n\n(c) Cision 2026"},"type":"article","timestamp":"2026-07-17T06:00:22.811677437Z","server_sent_at_ms":1784268022811},"received_at":"2026-07-17T06:00:22.877Z","source_url":"https://news.cision.com/studsvik-ab/r/studsvik-s-interim-report-for-the-second-quarter-2026%2Cc4375583"},"analysis":{"id":"80269","press_release_id":"91218","analysis_json":{"industry":{"label":"Commercial Services & Supplies","sector":"Industrials"},"redFlags":["Operating margin declined from 7.7% to 3.7% year-over-year","Free cash flow turned negative to SEK -59.6 million","Net debt increased from SEK 118.7 million to SEK 138.9 million"],"eventType":"earnings","narrative":"Studsvik reported Q2 sales of SEK 247.0 million, up 8.5% year-over-year, though profitability softened with operating profit falling to SEK 9.2 million and operating margin contracting to 3.7%. Free cash flow turned negative to SEK -59.6 million, impacted heavily by the SEK -34.1 million cash outflow related to the acquisition of Kärnfull Next AB.\n\nStrategically, the company completed the acquisition of Kärnfull Next AB to broaden its new build offerings and submitted an application to the Swedish Government to establish up to 1,400 MW of new nuclear power in Nyköping. Additionally, Studsvik entered a partnership with US-based Lightbridge regarding software for advanced nuclear fuel and signed its first US customer agreement in this area.\n\nThe Executive Management Team was strengthened with three new appointments including a new CMO and Head of New Build Projects, while 256,000 shares were issued under the LTIP 2026/2029 program.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"Strategic expansion in nuclear power builds future moat, but current margins and cash flow take a hit from acquisition investments."},"keyFigures":{"eps":0.89,"revenue":"SEK 247.0 million","revenueYoy":"8.5%","customDimensions":{"fcf":"SEK -59.6 million","net_debt":"SEK 138.9 million","h1_revenue":"SEK 473.4 million","dilution_shares":124959,"operating_margin":"3.7%","operating_profit":"SEK 9.2 million","adjusted_operating_margin":"5.8%","adjusted_operating_profit":"SEK 14.3 million"}},"quotedText":"","namedEntities":{"people":[{"name":"Peter Teske","role":"Chief Financial Officer"},{"name":"John Ahlberg","role":"Chief Marketing Officer"},{"name":"Christian Sjölander","role":"Head of New Build Projects"},{"name":"Ramona Michel","role":"Business Area President, Decommissioning & Radiation Protection Services"}],"products":["ReFirm","LTIP 2026/2029"],"companies":[{"name":"Studsvik AB","ticker":"SVIK"},{"name":"Kärnfull Next AB","relationship":"acquired target"},{"name":"Lightbridge","relationship":"partner"}],"dollarAmounts":[{"amount":"SEK 247.0 million","context":"Q2 2026 sales"},{"amount":"SEK 9.2 million","context":"Q2 2026 operating profit"},{"amount":"SEK -59.6 million","context":"Q2 2026 free cash flow"},{"amount":"SEK 138.9 million","context":"Net debt"},{"amount":"SEK -34.1 million","context":"Cash flow impact from Kärnfull Next AB acquisition"}]},"materialImpact":{"score":3,"reasoning":"Sales grew 8.5% in the quarter, but operating profit and margins declined significantly, and free cash flow swung to a negative SEK 59.6 million. However, the company completed a strategic acquisition (Kärnfull Next AB) and advanced its nuclear power initiatives, indicating a trade-off between current profitability and future growth."},"tickerRelevance":{"others":[],"primary":"SVIK"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":["m_and_a","partnership"],"importanceComponents":{"tickerTier":"small-mid-cap","eventGravity":"earnings-with-strategic-update","sectorWeight":"Industrials","geographicFocus":"Sweden/Europe"}},"event_type":"earnings","event_type_secondary":["m_and_a","partnership"],"sentiment":"mixed","material_impact_score":3,"narrative":"Studsvik reported Q2 sales of SEK 247.0 million, up 8.5% year-over-year, though profitability softened with operating profit falling to SEK 9.2 million and operating margin contracting to 3.7%. Free cash flow turned negative to SEK -59.6 million, impacted heavily by the SEK -34.1 million cash outflow related to the acquisition of Kärnfull Next AB.\n\nStrategically, the company completed the acquisition of Kärnfull Next AB to broaden its new build offerings and submitted an application to the Swedish Government to establish up to 1,400 MW of new nuclear power in Nyköping. Additionally, Studsvik entered a partnership with US-based Lightbridge regarding software for advanced nuclear fuel and signed its first US customer agreement in this area.\n\nThe Executive Management Team was strengthened with three new appointments including a new CMO and Head of New Build Projects, while 256,000 shares were issued under the LTIP 2026/2029 program.","key_figures":{"eps":0.89,"revenue":"SEK 247.0 million","revenueYoy":"8.5%","customDimensions":{"fcf":"SEK -59.6 million","net_debt":"SEK 138.9 million","h1_revenue":"SEK 473.4 million","dilution_shares":124959,"operating_margin":"3.7%","operating_profit":"SEK 9.2 million","adjusted_operating_margin":"5.8%","adjusted_operating_profit":"SEK 14.3 million"}},"named_entities":{"people":[{"name":"Peter Teske","role":"Chief Financial Officer"},{"name":"John Ahlberg","role":"Chief Marketing Officer"},{"name":"Christian Sjölander","role":"Head of New Build Projects"},{"name":"Ramona Michel","role":"Business Area President, Decommissioning & Radiation Protection Services"}],"products":["ReFirm","LTIP 2026/2029"],"companies":[{"name":"Studsvik AB","ticker":"SVIK"},{"name":"Kärnfull Next AB","relationship":"acquired target"},{"name":"Lightbridge","relationship":"partner"}],"dollarAmounts":[{"amount":"SEK 247.0 million","context":"Q2 2026 sales"},{"amount":"SEK 9.2 million","context":"Q2 2026 operating profit"},{"amount":"SEK -59.6 million","context":"Q2 2026 free cash flow"},{"amount":"SEK 138.9 million","context":"Net debt"},{"amount":"SEK -34.1 million","context":"Cash flow impact from Kärnfull Next AB acquisition"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-17T06:05:28.510Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"small-mid-cap","eventGravity":"earnings-with-strategic-update","sectorWeight":"Industrials","geographicFocus":"Sweden/Europe"}},"durationMs":112327,"modelName":"glm-4.7"}}