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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
BHG Group
BHG Group (BHG) investor relations material
BHG Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary23 Oct, 2026
Executive summary
Q3 net sales rose 11.7% to SEK 2,901.1m, including 9.3% organic growth; adjusted EBIT increased 32.3% to SEK 122.1m and margin reached 4.2%.
Adjusted EBIT improved YoY for the 12th consecutive quarter; growth, scale benefits and cost control supported operating leverage.
Strategic priorities include AI, differentiated assortment, cost efficiency and selective bolt-on acquisitions.
Financial highlights
Net sales reached SEK 2,901.1m, up 11.7% YoY and 9.3% organically; this was the eighth consecutive quarter of organic growth.
Adjusted EBIT rose SEK 29.8m to SEK 122.1m, up 32.3%; adjusted EBIT margin increased 0.7pp to 4.2%.
Operating cash flow was SEK 91.6m, up SEK 39.6m YoY; nine-month operating cash flow reached SEK 379.9m versus SEK 312.1m.
Q3 net profit was SEK 93.8m versus SEK 28.7m; basic and diluted EPS were SEK 0.41 versus SEK 0.06.
Nine-month sales rose 8.3% to SEK 8,172.5m; adjusted EBIT increased 29.8% to SEK 300.9m, with margin of 3.7% versus 3.1%.
Outlook and guidance
Short-term adjusted EBIT margin target remains 5%, with a 7% medium-term target; long-term growth target is 10–15% annually over a business cycle.
Market growth and rising online penetration are expected to continue, with AI cited as a further driver; preparations for Black Month focused on competitive offers and product availability.
Organizational costs are intended to grow in line with or below inflation; expected tax rate going forward is 21%–22%.
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Latest events from BHG Group
- Q2 2026 saw 10.2% sales growth, margin gains, and strategic advances in AI and acquisitions.BHG
Q2 2026 - Profitability more than doubled, leverage improved to 2.6x, and organic growth reached 4.2%.BHGQ1 2026
- Targets 10-15% annual growth and 7% EBIT margin, driven by AI, efficiency, and M&A.BHGCMD 2026
- Double-digit growth, margin gains, and lower leverage support a strong 2026 outlook.BHGQ4 2025
- Q2 2025 saw 5.4% organic growth, 19% higher EBIT, and strong cash flow amid market recovery.BHGQ2 2025
- Profitability improved for the fourth straight quarter despite lower sales and a tough market.BHGQ3 2024
- Profitability rose for the third quarter despite a 22% sales drop, aided by cost reductions.BHGQ2 2024
- Q1 saw 9.7% sales growth and profitability gains, but outlook remains cautious amid uncertainty.BHGQ1 2025
- Q4 2024 marked a return to growth and profitability, with strong cash flow and positive 2025 outlook.BHGQ4 2024
Next BHG Group earnings date
Q4 202627 Jan, 2027
BHG Group
Next BHG Group earnings date
Q4 202627 Jan, 2027
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Frequently asked questions
BHG Group AB engages in the e-commerce business. It operates through the following segments: Travel, Home & Garden, and Accommodation. The Travel segment involves in sales of flight tickets and hotel nights online. The Home & Garden segment supplies household goods, textile, DIY products, furniture and garden products online. The Accommodation segment refers to holiday homes and apartments rentals through the Booking.com platform.