Published: 8/28/2026 8:21:09 AM
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Maritime safety company Safe at Sea significantly increased net sales in the second quarter but simultaneously swung to an operating loss following lower total operating income. Net sales increased to SEK 8.1 million (5.0). Operating income amounted to SEK 6.5 million (7.7).Ebitda was SEK -0.5 million (0.9).Operating profit amounted to SEK -0.6 million (0.8). Net profit was SEK -0.6 million (0.8). CEO Kaj Lehtovaara states that several procurement processes with defense customers have dragged on even longer. However, according to the CEO, the company is in the final stages of the talks and expects to receive several significant add-on orders shortly, including ones related to an agreement with a NATO country.Safe at Sea also expects continued order intake from civilian maritime rescue and emergency services customers. The company states that its investments in sales have led to more incoming inquiries, including from new customers and markets.No financial earnings forecast is provided."We are of course not satisfied with the result in the second quarter. But with the ongoing procurements and the strong investments we are making on the sales side, we look forward with confidence to being able to deliver a strong and positive finish to 2026," the Safe at Sea CEO concludes in his CEO statement. Key figures, SEK millionQ2 2026Q2 2025Year-over-year changeNet sales8,15,0+62,4%Operating income6,57,7-15,2%Ebitda-0,50,9-Operating profit-0,60,8-Net profit-0,60,8-Earnings per share, SEK-0,0230,028-
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