Röko (ROKO) investor relations material

Executive summary

• Q3 net sales rose 44% to MSEK 2,180; adjusted EBITA increased 57% to MSEK 433 and operating profit rose 71% to MSEK 363.

• For 9M, net sales increased 27% to MSEK 6,078, adjusted EBITA rose 30% to MSEK 1,275 and net profit increased 20% to MSEK 661.

• Growth reflected acquisitions and organic expansion: organic sales growth was 9% in Q3 and 6% for 9M; positive FX also supported Q3 growth.

Financial highlights

• Q3 net profit was MSEK 226 (146) and EPS was SEK 15.49 (10.00); 9M net profit was MSEK 661 (553) and EPS was SEK 45.20 (37.65).

• 9M operating cash flow less capex was MSEK 914, up 34%; cash conversion improved to 72% from 69%.

• Operating cash flow rose 60% to MSEK 337 in Q3 and 36% to MSEK 973 for 9M; period-end cash was MSEK 594.

• Prior-year 9M cash flow included MSEK 41 in listing costs; operating cash flow less capex growth was 27% excluding those costs.

• Q3 net financial items were MSEK -49 (-15) and 9M net financial items were MSEK -115 (-26), reflecting FX losses on foreign-currency debt and higher interest expense.

Segment performance

• Q3 B2B sales were MSEK 1,518 (1,014) and adjusted EBITA MSEK 329 (211); ETB Technologies contributed strongly to organic growth.

• Q3 B2C sales were MSEK 662 (504) and adjusted EBITA MSEK 118 (78); Q3 is normally seasonally weaker for B2C.

• 9M B2B sales reached MSEK 4,055 (3,129) and adjusted EBITA MSEK 859 (647); some businesses faced construction-market and political headwinds.

• 9M B2C sales were MSEK 2,023 (1,647) and adjusted EBITA MSEK 461 (374); organic development strengthened toward period-end and average margins improved.

• ETB Technologies contributed 6 percentage points of Q3 organic growth amid AI- and data-center-driven memory demand; other businesses grew organically by ~3%.