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Source document· July 23, 2026

AS-i Harju Elekter Group majandustulemused, 1-6/2026

“Ärikasum enne kulumit (EBITDA) 2 266 4 658 -51,4% 3 905 8 523 -54,2%”

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Q2 and H1 2026 results fell significantly short of both revenue and profit targets due to lower-than-expected sales volume and part of revenue shifting to future periods
60% confidence
2026 is considered a transition year during which the company prepares for the next high-activity periods, with a stronger order book for H2 than H1
60% confidence
The Estonian local distribution grid operator has reduced its investment volumes, weighing on the local market
60% confidence
In Sweden, long-execution-time projects make up a significant share of the order book, with realization extending into 2028
60% confidence
Ongoing preparations and a growing order book create the conditions for servicing larger project volumes and for revenue and profitability growth in future years
60% confidence

Harju Elekter Group · net income	0.272 USD
Harju Elekter Group · labor costs	21.4 USD
Harju Elekter Group · margin	12.2 percent
Harju Elekter Group · long term financial investments	27.223 USD
Harju Elekter Group · labor cost ratio	27.7 percent
Harju Elekter Group · capital expenditure	3.9 USD
Harju Elekter Group · admin expenses	5.627 USD
Harju Elekter Group · admin expense ratio	7.3 percent
Harju Elekter Group · employee wage costs	16.7 USD
Harju Elekter Group · ebit margin	2.6 percent
Harju Elekter Group · debt	35.467 USD
Harju Elekter Group · inventory	20.456 USD
Harju Elekter Group · equity	95.155 USD