CAG Group (CAG) investor relations material

Executive summary

• Q3 revenue rose 10.7% YoY to SEK 196.4M, with 0.7% organic and 10.0% acquired growth; adjusted EBITA increased 13.8% to SEK 14.0M, with a 7.1% margin.

• Improved utilisation and average prices supported performance; early collaboration benefits from Clara Financial Consulting contributed to momentum.

Financial highlights

• Q3 net income was SEK 7.5M versus SEK 7.9M YoY; EPS was SEK 1.02 versus SEK 1.10.

• Q3 EBIT was SEK 10.6M, unchanged YoY, and EBIT margin was 5.4% versus 6.0%; operating cash flow was negative SEK 7.1M versus negative SEK 6.1M.

• 9M revenue rose 4.6% to SEK 650.4M, with -1.5% organic and 6.1% acquired growth; adjusted EBITA was SEK 51.7M versus SEK 53.0M.

• 9M net income was SEK 30.3M versus SEK 33.5M; EPS was SEK 4.15 versus SEK 4.67.

Outlook and guidance

• Medium-term ambitions over 3–5 years: annual revenue growth of 10% through organic growth and acquisitions, adjusted EBITA margin above 10%, and net debt no higher than 1.5x adjusted EBITDA.

• Priorities include higher utilisation, organic growth, value-creating acquisitions, price and cost discipline, and converting more revenue growth into earnings.

• AI adoption is seen as an opportunity to boost specialist productivity and develop offerings; a broad market recovery has not yet emerged.