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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Netel
Netel (NETEL) investor relations material
Netel Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary28 Oct, 2026
Executive summary
Q3 sales rose 4.5% YoY to MSEK 682; adjusted EBITA improved to MSEK 20 from -34, with a 2.9% margin versus -5.3%.
Q3 order backlog was MSEK 3,673, described as having good profitability.
Infrea merger approvals were secured; FY 2026 growth is no longer expected, while margin improvement remains expected.
Financial highlights
Q3 net sales were MSEK 682 versus 652; FX effects contributed 3.5%.
Q3 reported EBITDA was MSEK 15 versus -23, EBITA -5 versus -41, EBIT -7 versus -43, and loss after tax MSEK 28 versus 48.
Q3 adjusted EBITDA was MSEK 39 versus -17, with a 5.8% margin versus -2.6%.
Jan-Sep net sales fell 5.7% to MSEK 1,983; adjusted EBITA rose to MSEK 53 from 26, while reported EBITA was -6 versus 14.
Q3 EPS was -SEK 0.52 versus -SEK 0.99; Jan-Sep loss after tax was MSEK 78 versus 42.
Outlook and guidance
FY 2026 growth is no longer expected due to the faster-than-planned Norwegian Telecom market transition; margin improvement remains expected.
Swedish operating-company consolidation savings target MSEK 15–25, with full effect expected in 2027; tendering prioritises profitability.
Merger completion was expected on November 4, 2026; the Q4 report reflecting the merged group is scheduled for February 19, 2027.
Order backlog of MSEK 3,673 was largely scheduled for 2027 and 2028; post-quarter orders across Power and Telecom exceeded MSEK 230.
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Latest events from Netel
- Rights issue and directed share issues approved to raise up to SEK 202 million, with trading set for Q3 2026.NETEL
Status update - Infrea merger and strong backlog support growth despite telecom-driven sales decline.NETELQ2 2026
- Merger forms a SEK 5 billion infrastructure leader with up to 58% Infrea ownership and SEK 50m synergies.NETELM&A announcement
- Order backlog reached SEK 4.2 billion, supporting margin and growth targets for 2026.NETELQ1 2026
- Record order backlog and cost savings set the stage for margin recovery and growth in 2026.NETELQ4 2025
- Sharp Q3 losses from write-downs prompt restructuring and UK divestment amid refinancing risk.NETELQ3 2025
- Stable Q3 with strong cash flow, high backlog, and margin pressure from lower Power volumes.NETELQ3 2024
- Q2 organic sales up 7.7%, profit up 267%, and major new contracts boost order backlog.NETELQ2 2024
- Q1 sales rose 2.7% to SEK 694m, margin improved, and order backlog stayed strong above SEK 4bn.NETELQ1 2025
Next Netel earnings date
Q4 20265 Feb, 2027
Netel
Next Netel earnings date
Q4 20265 Feb, 2027
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Frequently asked questions
Netel Holding provides infrastructure services for telecommunications, electricity, and renewable energy sectors. The company offers design, installation, and maintenance of networks and systems to operators and utility companies in Northern Europe. Its services cover both urban and rural infrastructure projects. The company is headquartered in Stockholm, Sweden, and its shares are listed on the STO.