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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.
Nilsson Special Vehicles
Nilsson Special Vehicles (NILS) investor relations material
Nilsson Special Vehicles Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary13 Nov, 2026
Executive summary
9M revenue fell 13% YoY to SEK 112.7m, while EBITDA rose to SEK 6.7m from SEK 1.2m and net income reached SEK 4.7m versus a SEK 1.0m loss.
Q3 revenue declined 7% YoY to SEK 36.6m, but EBITDA increased to SEK 2.9m from SEK 1.1m; gross margin improved to 29% from 21%.
Orders strengthened: 61 vehicles ordered in 9M versus 36, with a period-end order backlog of SEK 96.1m.
Financial highlights
9M net sales were SEK 112.668m versus SEK 128.883m; Q3 sales were SEK 36.577m versus SEK 39.500m, with lower volumes cited as the main driver.
9M EBIT was SEK 5.271m versus a SEK 0.236m loss; Q3 EBIT was SEK 2.380m versus SEK 0.622m.
9M net income was SEK 4.697m versus a SEK 1.046m loss; Q3 net income was SEK 2.192m versus SEK 0.373m.
9M operating cash flow was SEK 1.306m versus an outflow of SEK 2.661m; Q3 operating cash flow was SEK 2.801m versus an outflow of SEK 4.881m.
Outlook and guidance
Strategy remains profitability over volume, with continued focus on purchasing terms, supplier cooperation, production efficiency, cost control and maintaining quality and warranty commitments.
Priorities for Q4 include strengthening profitability, improving operational efficiency and developing new products; no numeric earnings guidance was stated.
A new rented production facility is in preparation, intended to improve production flows and the work environment.
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Latest events from Nilsson Special Vehicles
- Profitability surged in H1 2026, supported by margin gains and major new ambulance contracts.NILS
Q2 2026 - Strong order intake offsets lower sales from delivery delays; outlook supported by new contracts.NILSQ1 2026
- Returned to profitability in 2025 through cost control and margin focus despite lower sales.NILSQ4 2025
- EBITDA turned positive and the order book is full through June 2026.NILSQ3 2025
- Sales declined but profitability improved, with restructuring and innovation driving future growth.NILSQ2 2025
- Sales and earnings fell sharply, with weak liquidity and lower order intake.NILSQ3 2024
- Sharp decline in sales and profitability, with focus shifting to efficiency and new markets.NILSQ2 2024
- Sales and order intake declined, but cost controls and new ambulance deals support stability.NILSQ1 2025
- 2024 saw lower sales and losses, but cost cuts and automation set the stage for recovery.NILSQ4 2024
Next Nilsson Special Vehicles earnings date
Q4 202626 Feb, 2027
Nilsson Special Vehicles
Next Nilsson Special Vehicles earnings date
Q4 202626 Feb, 2027
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Frequently asked questions
Nilsson Special Vehicles AB is a Swedish company specializing in the production and sale of special vehicles. The company's main products include ambulances, limousines, hearses, and other emergency vehicles. Nilsson serves markets primarily in Europe, including Scandinavia and England, as well as regions in the Middle East, Africa, and Asia. Founded in 1945, the company has a long history of manufacturing special vehicles based on Volvo models. The company is headquartered in Laholm, Sweden, and its shares are listed on the Stockholm Stock Exchange. The company is headquartered in Laholm, Sweden, and its shares are listed on the Stockholm Stock Exchange.