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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.
Ottobock
Ottobock (OBCK) investor relations material
Ottobock Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary12 Nov, 2026
Executive summary
9M organic core revenue grew 6.6%; underlying core EBITDA rose 16.4% to €327.1m and margin expanded 190 bps YoY to 26.1%.
Q3 core revenue rose 9.0% to €433.4m, with 6.4% organic growth; margin reached 27.7%.
B2B remained the growth engine, while slower Patient Care momentum and regional divergence tempered results.
Financial highlights
9M revenue rose 7.4% to €1,307.9m; core revenue was €1,251.8m, up 6.6% organically.
9M gross profit increased to €697.9m and gross margin to 53.4%; reported EBIT rose to €212.3m.
Net income was €115.1m versus €54.3m; underlying net income rose 16.3% to €138.0m.
9M free cash flow was €151.1m versus €172.8m, mainly reflecting higher income tax payments; Q3 was broadly stable at €79.3m.
Outlook and guidance
FY 2026 guidance confirmed: organic core revenue growth of 6.0%–8.0% and underlying core EBITDA margin above 27.0%; current growth expectation is 6%–7%.
Q4 seasonal uplift is expected to be more moderate as reimbursement delays and regional headwinds slow demand conversion; structural demand drivers remain intact.
2027 and midterm guidance will be updated with FY 2026 results in March 2027; 2029 ambitions are 7.0%–9.0% annual organic core revenue growth and 29.0%–30.0% underlying core EBITDA margin.
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Latest events from Ottobock
- H1 growth and margin gains accompany tighter FY guidance and strategic portfolio moves.OBCK
Q2 2026 - Core revenue and margins rose, with 2026 guidance reaffirmed and strong EMEA/APAC growth.OBCKQ1 2026
- Record double-digit growth and margin expansion in 2025, with strong 2026 outlook.OBCKQ4 2025
- Core revenue up 13.6%, EBITDA margin at 24.3%, and IPO strengthens financial position.OBCKQ3 2025
- Revenue and net profit rose sharply, driven by growth in EMEA and strategic acquisitions.OBCKQ2 2025
Next Ottobock earnings date
Q4 202616 Feb, 2027
Ottobock
Next Ottobock earnings date
Q4 202616 Feb, 2027
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