Hemnet Group AB (publ) · Q2 2026 earnings

Briefing

Hemnet Group AB (publ) reported Q2 2026 results with net sales declining 23.1% year-over-year amid a transitional period following the rollout of its 'Sell first, pay later' model.

Net sales for the quarter ended June 30, 2026, fell to SEK 371.7 million from SEK 483.5 million in the prior-year period, reflecting lower listing volumes partially offset by higher ARPL. Operating profit decreased 37.1% to SEK 149.4 million, while profit after tax was SEK 113.3 million and EPS was SEK 1.24. The company noted sequential improvement in listing volumes and resilience in B2B revenue alongside ongoing strategic initiatives to capture more listings earlier in the sales cycle.

• Net sales declined 23.1% to SEK 371.7 million, driven by a 34.9% drop in paid listings to 32.9 thousand.
• ARPL rose 12.4% to SEK 9,095, supported by demand for value-added services.
• EBITDA margin contracted 7.6 percentage points to 46.4% as the company absorbed the peak impact of revenue recognition timing changes.
• Sequential listing volume improvement observed, with published listings declining only 14.3% YoY versus a steeper drop in Q1.

Headline financials

Recovery in the property market is moving slightly slower than anticipated, but eased credit restrictions and increased economic activity are providing positive signals; strategic initiatives aim to capture more listings earlier.