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Norden Estates (NORDEN) investor relations material
Norden Estates Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary28 Nov, 2025
Executive summary
Transitioned from a technology-focused company to an established player in energy-efficient industrial and logistics buildings, with strengthened structure and delivery capacity.
Completed the Hörby project and initiated the Ystad project, the first external contract fully managed by the group.
Achieved strong reference results in the Skurup project, showing significant energy and CO2 reductions.
Officially listed on Spotlight Stock Market on September 25, 2025, enhancing internal routines and compliance.
Financial highlights
Net sales for January–September 2025 reached SEK 10.2 million, with SEK 2.8 million in Q3.
Operating result for the period was SEK -5.3 million, with SEK -3.2 million in Q3.
Net result for the period was SEK -5.8 million, with SEK -3.3 million in Q3.
Earnings per share for the period were SEK -0.17 (Q3: -0.08).
Equity at period end was SEK 18.8 million.
Cash and cash equivalents at period end were SEK 3.0 million.
Outlook and guidance
Focus remains on scaling processes, building more reference projects, and deepening customer and partner relationships.
Swedish market prioritized through 2026, with international expansion planned from late 2026.
Postpac Skurup: Leverage for market expansion
Operating cash flow: Path to positive generation
International expansion: Readiness for late 2026
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Next Norden Estates earnings date
Q4 202527 Feb, 2026
Next Norden Estates earnings date
Q4 202527 Feb, 2026
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