Net sales for Q4 2025 reached SEK 1.8 billion, with organic growth of 10% and a negative currency impact of 9%.
Adjusted EBITA/EBITDA was SEK 133 million (7.2% margin), but EBITA was SEK 37 million due to SEK 96 million in non-recurring costs.
Data Center and Harsh Environment segments now account for over 50% of group profit and drove growth.
Performance improvement program expanded, including downsizing a US facility and closing a plant in the Netherlands.
Acquisition of Communication Zone in the US for over $20 million, expanding Data Center services and Midwest presence.
Q4 organic growth was 10%, with overall growth of 1% due to negative FX impact; net sales SEK 1,848 million.
Adjusted EBITA/EBITDA margin declined to 7.2% from 10% last year; adjusted gross margin was 37.5%, down from 41.4%.
Net income for Q4 was SEK -57 million, EPS after dilution SEK -0.27.
Operating cash flow was SEK 349 million, with a cash conversion of 235%.
Net debt reduced to SEK 1.6 billion, leverage ratio at 1.9x.
Data Center and Harsh Environment expected to continue strong performance, with Data Center growth aligning with ~10% market growth.
Fiber Solutions market in Europe to remain subdued; North America expected to recover in 2026, supported by BEAD program.
Performance improvement program to reach full run-rate by end of Q1 2026, targeting SEK 120 million EBITA effect.
No guidance for further margin expansion in Data Center; long-term target remains 15%.
Seasonality expected, with lower activity in Q4 and Q1.
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