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NCAB Group (NCAB) investor relations material
NCAB Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Record Q3 order intake of SEK 2,620.3m, up 166%, and net sales of SEK 1,463.0m, up 54%; growth spanned all regions and book-to-bill was 1.79.
EBITA rose to SEK 210.8m from SEK 110.1m as pricing, forward orders, data-centre demand and acquisitions supported results.
High-mix, low-volume PCB supplier with an asset-light manufacturing model and local presence across 19 markets.
Financial highlights
Order intake rose 166% to SEK 2,620.3m; comparable-unit organic growth was 155% in USD.
Net sales increased 54% to SEK 1,463.0m; comparable-unit organic growth was 45% in USD.
EBITA was SEK 210.8m versus SEK 110.1m and margin rose to 14.4% from 11.6%; adverse FX reduced Q3 EBITA by SEK 8m.
Operating profit was SEK 188.7m versus SEK 93.2m; profit after tax was SEK 129.8m versus SEK 60.9m, and diluted EPS was SEK 0.69 versus SEK 0.33.
Gross margin was 34.8% versus 35.2%; Q3 operating cash flow was SEK 176.8m versus SEK 118.3m. 9M sales rose 30% to SEK 3,704.2m and EBITA 57% to SEK 477.6m.
Outlook and guidance
Supply constraints, longer lead times and elevated prices are expected to persist; management sees no improvement before late 2027 at the earliest.
Deliveries for current orders extend into 2027, with a material share of Q3 forward orders scheduled mainly for that year.
Gross-margin aim remains 35%–36%; rapid cost changes make stability challenging, and North American data-centre infrastructure orders are scheduled for 2027 delivery.
- Q2 saw strong sales and order growth, stable margins, and a boosted U.S. presence via acquisition.NCAB
Q2 2026 - Order intake up 27%, EBITA margin 11.9%, and dividend proposed amid strong global demand.NCAB
Q1 2026 - Strong Q4 growth, margin gains, and acquisition offset full-year FX-driven margin decline.NCAB
Q4 2025 - Strong order intake and sales growth, but EBITA margin declined on FX and mix impacts.NCAB
Q3 2025 - Order intake rose 5% and USD sales grew, but margins fell due to FX and product mix.NCAB
Q2 2025 - Sales and profit fell on weak Europe, but margins held and acquisitions support future growth.NCAB
Q3 2024 - Sales and profit fell, but margin, M&A, and North America orders support future growth.NCAB
Q2 2024 - Order intake up 5%, EBITA margin down, dividend suspended amid market uncertainty.NCAB
Q1 2025 - Q4 sales and profit fell on weak Europe, but order intake and acquisitions support future growth.NCAB
Q4 2024
Next NCAB Group earnings date
Next NCAB Group earnings date
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