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StocksMediumUpdated•Originally published 10 September 2026•Updated 10 September 2026•
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Hemnet Shares Fall as Much as 15% After Buyback Programme Is Paused

Key Facts

1Hemnet shares fell as much as 15% on 10 September 2026 after the buyback pause was announced.
2The buyback programme is worth up to SEK 600 million, and its pause takes effect on 14 September 2026.
3The company repurchased 2,102,950 shares for about SEK 189.3 million through 4 September 2026.
4Q2 2026 net sales fell 23.1% to SEK 371.7 million, while EBITDA declined 33.9% to SEK 172.4 million.

Hemnet shares fell as much as 15% in trading on 10 September 2026 after the company announced the previous evening that it would pause its share-buyback programme. The stock touched a low of SEK 67.80, compared with a previous close of SEK 79.85.

Hemnet's board decided to pause a share-buyback programme worth up to SEK 600 million. The programme was launched on 8 May 2026, and the pause takes effect on 14 September 2026.

The company said the decision was intended to give it full financial flexibility during a transformative phase in 2026 as it develops strategic initiatives to address changing market conditions and strengthen its position in Sweden's property-platform market.

From the programme's launch through 4 September 2026, Hemnet repurchased 2,102,950 shares for about SEK 189.3 million. It held 3,064,110 treasury shares out of a total 92,625,346 shares on that date.

The programme permitted purchases provided the company's holding did not exceed 10% of all shares, with the authorisation running until the 2027 annual general meeting. Its stated purpose was to adjust the capital structure by reducing share capital after cancelling repurchased shares; pausing it therefore preserves cash and flexibility without terminating the programme permanently.

The decision follows Hemnet's report that second-quarter 2026 net sales fell 23.1% to SEK 371.7 million and EBITDA declined 33.9% to SEK 172.4 million. Average revenue per paid listing, however, rose 12.4% to SEK 9,095.

Hemnet gave no date for restarting purchases and said any resumption would be announced separately. Its scheduled next updates include August sales on 14 September 2026 and third-quarter results on 22 October 2026; the disclosures will help investors assess the revenue trajectory and use of liquidity.