Operator
Welcome to BONESUPPORT Q2 2026. [Operator Instructions]
Now I will hand the conference over to CEO, Torbjorn Skold; and CFO, Håkan Johansson. Please go ahead.
Torbjorn Skold
Chief Executive Officer
Thank you, operator. Welcome, everyone, to BONESUPPORT’s Q2 2026 Results Call. My name is Torbjorn Skold, CEO of BONESUPPORT. With me here today is our CFO, Håkan Johansson. And together, we will use the next 25 minutes to guide you through the Q2 presentation and then open the line for questions.
Before starting the presentation, I would like to draw your attention to the disclaimers covering any forward-looking statements we will make today.
So let’s look at the financial and operational highlights of the quarter. Q2 reflected solid execution across the business. Net sales came in at SEK 356 million, corresponding to a growth at constant exchange rates of 30% versus Q2 2025. Reported growth was 25%, showing that the currency impact on our figures for the quarter has decreased compared to the previous quarters. Our adjusted operating result, excluding incentive program effects was SEK 104 million, corresponding to an adjusted operating margin of 29%. Reported operating result was SEK 90 million.
We saw another quarter of solid cash generation with operating cash flows reaching SEK 67 million after completing a share buyback of SEK 83 million, this resulted in a cash position of SEK 434 million at quarter end. After a period