Q3 net sales reached a record SEK 2,498m, up 33% YoY, including 17% organic growth; all three business areas contributed.
Adjusted EBITA rose 93% to SEK 281m, with an 11.3% margin; profitability improved across all business areas.
North America became the largest region; net debt fell SEK 165m QoQ and adjusted leverage declined to 1.3x.
Sales growth comprised 17% organic growth, 14% acquisition-driven growth and 1% exchange-rate effects.
Adjusted gross margin rose 2.3 percentage points to 39.8%; adjusted operating costs were 25.0% of sales versus 26.2%.
Adjusted EBITA was SEK 281m versus SEK 146m; EBITA was SEK 352m versus SEK -56m, including SEK 71m net non-recurring effects.
Net income was SEK 180m versus SEK -123m; diluted EPS was SEK 0.81 versus SEK -0.59.
Jan–Sep net sales rose 14% to SEK 6,441m; adjusted EBITA increased 30% to SEK 651m, with a 10.1% margin versus 8.8%.
Fiber Solutions expects continued U.S. growth and lower European activity; Q4 submarine cable shipments are expected at a similar level to Q3, with normal seasonal easing in Q4 and Q1.
Data Center activity is expected to normalize in Q4 after exceptional Q3 project timing and seasonality; underlying market momentum and the 2027 outlook remain strong.
Harsh Environment expects Q4 trends similar to Q3 and modest margin improvement versus H1 2026; strong defense demand should offset softer oil and gas sentiment.
The order book remained similar to Q2, at around four months of net sales.
M&A prospecting prioritizes Data Center and Harsh Environment, while remaining opportunistic in Fiber Solutions.
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