Kreate Group

Kreate's Q2 results picked up where the strong Q1 left off, and the company's profitability potential also began to emerge from beneath the strong top-line growth.

Kreate reported very strong second-quarter results across the board, with both revenue and earnings significantly exceeding our expectations.

We forecast revenue to more than double in Q2 to 155 MEUR, supported by the consolidation of KFS, the acquisition of SRV Infra, and a strong order backlog.

The Swedish unit's largest project in history, valued at 30 MEUR, will raise the order book to a new record level in our estimates.

We find the pricing still seems reasonable, considering our significantly raised earnings estimates and the expectation of substantial earnings growth.

The strong order flow is expected to elevate the company's order book to a new record level at the end of Q2.