Upgraded accelerates growth and strengthens profitability in the second quarter

Upgraded continues to gain ground in a challenging consulting market. In the second quarter of 2026, Upgraded continued to grow with increased revenue, stronger results and improved margins. The development consolidates a strong first half and gives Upgraded clear momentum for the rest of the year.

Turnover during the second quarter of the year amounted to SEK 495.9 million, an increase of 7.8 percent compared to the corresponding period in 2025, when turnover was SEK 459.9 million.

The development was even clearer on the earnings side. Earnings increased by 15.7 percent to SEK 6.3 million, which means that earnings grew twice as fast as sales.

June ended the quarter with particularly strong development and sales growth of 11.2 percent.

– We have high ambitions and the development during the first half of the year shows that we are on the right track. The fact that we are managing to combine clear sales growth with an even faster profit increase is particularly positive. It shows that we are not only growing, but that we are growing with quality, says Mikael Antonsson, CEO of Upgraded People.

Strongest half-year margin in several years

Looking at the entire first half of 2026, the development becomes even clearer. Sales increased by 6.1 percent to SEK 986.8 million, while profit rose by 21.4 percent to SEK 12.2 million compared to the same period last year. This also means the strongest half-year margin in several years.

– For us, it’s about continuing to build a stronger company, quarter by quarter. We must be close to our customers, understand their real skills needs and be faster and more accurate than the market in general. When we succeed in doing that, we create value for both customers, consultants and Upgraded. The performance during the first six months of the year shows the power of that model, says Mikael Antonsson.

A market that rewards excellence

At the same time, the consulting market is undergoing rapid change. Demand is becoming increasingly selective and the gap between different areas of expertise is increasing. Specialist expertise in areas such as AI, cybersecurity, cloud services and other mission-critical areas continues to be in high demand, while broader and more junior roles face greater price pressure.

For Upgraded, this development means that the ability to quickly identify, quality assure and match the right specialist expertise to customer needs is becoming increasingly important.

– The market has higher demands today than a few years ago and we see this as an opportunity. Customers are not only looking for more consultants, but above all the right skills for the right situation. We have built a position there that we want to continue to strengthen. We see great opportunities to grow further by combining our reach with the personal and accurate matching that characterizes Upgraded, says Mikael Antonsson.

Aiming for continued growth

With a strong first half of the year behind it, Upgraded enters the second half of the year with an increasing growth rate, improved profitability and a clear ambition to continue strengthening its position in the Swedish consulting market.

The focus is on continued organic growth, high accuracy in the matching between customer and consultant, and on developing the offering in the areas of expertise where demand is growing fastest.

– We are proud of the development so far, but above all we are looking ahead. We have a lot left to do and our ambition is clear: Upgraded will continue to grow, continue to take a position and become an even stronger first choice for both customers and consultants. This is the beginning of the next step in our development, says Mikael Antonsson.

About Upgraded People AB

Upgraded People is one of Northern Europe’s fastest growing companies in skills supply and strategic staffing. We offer tailor-made solutions that match the right skills with the right context – always with people at the center. Our clients are in both the public and private sectors, and we deliver resources in Sweden, Germany, Norway and Denmark. With over 1,600 consultants on assignment, we help organizations achieve their goals and visions in a sustainable way.