Mips AB (publ) (MPZAY) Q2 2026 Earnings Call Transcript

Good day, and thank you for standing by. Welcome to the Mips Interim Report Q2 2026 Webcast and Conference Call. At this time, all participants are in a listen-only mode.

Thank you, operator. Good morning, everyone. My name is Max Strandwitz and I am the CEO of Mips. And with me today, we also have our CFO, Karin Rosenthal. And we will take you through the interim report of the second quarter 2026. So if we start with the quarter, we did see strong development with 72% growth in the quarter. Organic growth was 42%. So we adjust for ForEx, which was more or less flat. And then, of course, we also adjust for acquisition effects. So very strong organic growth. Year-to-date growth is now at 53% and organic growth level at 35%. We do see strong momentum in all categories and all geographies. Continued strong performance in Europe. U.S. growth helped by the acquisition and softer comparators after the implementation of tariffs last year. If we start with Europe, we did see strong organic growth with 48% growth in the quarter. And if we look at the U.S. market, we actually managed to deliver a 32% organic growth. So a very, very strong number