Nordisk Bergteknik
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Nordisk Bergteknik (NORB) investor relations material

Nordisk Bergteknik Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary4 Nov, 2026

Executive summary

  • Q3 net sales were SEK 837.9m, flat YoY; adjusted EBIT rose to SEK 32.9m and adjusted EBIT margin to 3.9%.

  • Nine-month sales rose 4% to SEK 2,633.2m and adjusted EBIT reached SEK 105.2m; Q3 and nine-month profit fell amid higher net financial costs.

Financial highlights

  • Q3 adjusted EBITDA was SEK 107.0m versus SEK 106.7m; adjusted EBIT was SEK 32.9m versus SEK 30.2m.

  • Q3 reported EBIT rose to SEK 30.9m from SEK 24.1m, while profit fell to SEK 3.5m from SEK 10.4m; diluted and basic EPS was SEK 0.06 versus SEK 0.18.

  • Nine-month adjusted EBITDA increased to SEK 335.3m from SEK 327.6m; adjusted EBIT was SEK 105.2m.

  • Q3 operating cash flow was SEK 37.0m versus negative SEK 7.5m; nine-month cash flow rose to SEK 160.7m from SEK 62.5m.

Outlook and guidance

  • Targets include annual growth above 15% over a business cycle, medium-term adjusted EBIT margin above 7%, and net debt/adjusted EBITDA no higher than 2.5x.

  • Dividend policy targets distribution of 40% of consolidated net income over time, subject to M&A and growth opportunities, financial position and cash conversion.

  • Rock Norway and Foundation Sweden prioritize profitability and selective bidding; conditions for a profitable Q4 in Foundation Sweden were considered good.

  • Long-term growth plans include synergies, value-chain integration, geographic expansion and disciplined acquisitions; current market conditions have slowed organic growth and M&A.

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Frequently asked questions

Nordisk Bergteknik provides infrastructure and construction services specializing in rock engineering, foundation work, and excavation. It serves clients across Sweden and Norway in the construction and civil engineering sectors. The company is headquartered in Gothenburg, Sweden, and its shares are listed on the Nasdaq Stockholm.