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Nepa (NEPA) investor relations material
Nepa Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 subscription revenue grew 14.8%, but ad hoc weakness pulled net sales down 2.6%; Adjusted EBITDA - Capex improved to MSEK 2.3.
ARR rose 9.7% YoY to MSEK 135.8 but fell MSEK 5.1 sequentially; Q4 priorities include stronger sales conversion, client expansion and renewed ARR growth.
Financial highlights
Q3 net sales were MSEK 47.6, down 2.6% reported and 1.7% in local currencies; net income improved to MSEK -1.0 from -5.3.
Q3 gross margin increased 1.4 percentage points to 75.6%; Adjusted EBITDA - Capex rose MSEK 1.9 to MSEK 2.3.
9M net sales were MSEK 153.5, down 5.6% reported but up 2.5% underlying; net income improved to MSEK -9.5 from -36.2.
9M Adjusted EBITDA - Capex was MSEK 1.1, with a 0.7% margin; gross margin rose to 75.9% from 74.4%.
Outlook and guidance
Q4 priorities include improving sales execution and conversion, returning ARR to sequential growth, expanding priority accounts across Brand, Campaign and cMMM, and driving operating leverage.
A focused account-development approach and closer coordination across sales, delivery and specialists are intended to improve conversion and win clients.
Management expects the operating model and existing capacity to support growth and convert revenue growth into earnings growth.
- ARR up 16.4%, gross margin at 75.9%, and positive net cash flow in Q2 2026.NEPA
Q2 2026 - ARR bookings surged 86.3% year-over-year, driving profitability and underlying growth.NEPA
Q1 2026 - Q4 2025 delivered strong ARR growth and margin gains, setting a solid foundation for 2026.NEPA
Q4 2025 - Q3 2025 saw a return to profitability, 245.7% ARR bookings growth, and SEK 22m in cost savings.NEPA
Q3 2025 - Sales bookings and ARR up, but revenue and margins fell; margin recovery expected in H2.NEPA
Q2 2025 - Sales and ARR fell, but profitability improved and new products launched for future growth.NEPA
Q3 2024 - Profitability improved as cost controls offset declining sales and ARR in a slow market.NEPA
Q2 2024 - Order intake rebounded, but sales and ARR fell; cost-saving and strategic shifts underway.NEPA
Q1 2025 - Profitability and cash flow rebounded in 2024, with margin improvement and strategic cost actions.NEPA
Q4 2024
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