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Elon (ELON) investor relations material

Elon Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary13 Nov, 2025

Executive summary

  • Net sales for Q3 2025 decreased by 1.4% year-over-year to 1,105 MSEK, mainly due to the planned wind-down of physical logistics in the Solutions segment, while B2C volumes grew 4.9% and B2B remained flat.

  • EBIT for Q3 was -34 MSEK (0.4% margin), heavily impacted by restructuring costs; adjusted EBIT was 4 MSEK, in line with last year.

  • Net result for Q3 was -69 MSEK, with significant one-off charges from asset write-downs and a correction of chemical tax reporting.

  • A new CEO and CFO were appointed in September 2025, and a cost-saving program targeting 50 MSEK annual savings was launched.

Financial highlights

  • Q3 net sales: 1,104.9 MSEK (down 1.4% YoY); 9M net sales: 3,283.3 MSEK (down 0.9% YoY).

  • Q3 gross profit: 173 MSEK (15.7% margin, up from 15.3%); 9M gross profit: 556 MSEK (16.9% margin, up from 14.4%).

  • Q3 EBIT: -34.3 MSEK; adjusted EBIT: 3.8 MSEK. 9M EBIT: -66.1 MSEK; adjusted EBIT: -28.1 MSEK.

  • Q3 net result: -68.6 MSEK; 9M net result: -104.6 MSEK. Adjusted Q3 net result: -2.3 MSEK.

  • Q3 operating cash flow: 63.8 MSEK (up from 36.5 MSEK YoY); 9M operating cash flow: -74.1 MSEK (improved from -138.9 MSEK YoY).

Outlook and guidance

  • A cost-saving program is being implemented, expected to deliver 50 MSEK in annual savings by 2026.

  • Focus remains on core profitable segments, with further restructuring and divestment of unprofitable Norwegian operations.

  • Management expects improved profitability and financial stability as restructuring and efficiency measures take effect.

What is the combined EBIT margin impact of recent strategic actions?
How will Elon manage liquidity with chemical tax payment?
Why is underlying B2C profitability declining?
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Frequently asked questions

Elon AB is a Swedish company engaged in the retail of consumer electronics and telecom products. It offers a range of concepts and services in trade and logistics tailored to retail chains, e-retailers, and companies across various industries. The company is headquartered in Örebro, Sweden, and its shares are listed on the Nasdaq Stockholm.

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