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Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Scandbook Holding (SBOK) investor relations material
Scandbook Holding Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Revenue for Q3 2025 increased by 5.7% year-over-year to 113.3 MSEK, with EBIT rising to 8.4 MSEK and net income to 7.1 MSEK.
For the nine months, revenue grew 11.9% to 339.3 MSEK, with EBIT at 22.2 MSEK and net income at 18.2 MSEK.
Acquisition of Danish printer Nörhaven Book completed in October, strengthening market position in Northern Europe and enabling expansion into Germany, the Netherlands, and the UK.
Financial highlights
Q3 EBITDA was 13.5 MSEK (up from 12.9 MSEK), EBIT 8.4 MSEK (up from 7.6 MSEK), and EPS 1.05 SEK (up from 0.97 SEK) year-over-year.
Nine-month EBITDA reached 38.1 MSEK (33.1 MSEK), EBIT 22.2 MSEK (17.2 MSEK), and EPS 2.70 SEK (2.07 SEK).
Operating cash flow for Q3 was -1.8 MSEK, with a period-end cash balance of 42.9 MSEK.
Investments in Q3 totaled 4.3 MSEK, and 8.4 MSEK for the nine months.
Dividend of 18.6 MSEK paid during the nine-month period.
Outlook and guidance
Acquisition of Nörhaven Book expected to enhance production capacity and support further geographic expansion.
Growth in all geographic segments confirms the effectiveness of the long-term market strategy.
Nörhaven acquisition: realize stated benefits
North America growth: sustainability of drivers
Impact of currency translation differences?
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Next Scandbook Holding earnings date
Q4 202520 Feb, 2026
Next Scandbook Holding earnings date
Q4 202520 Feb, 2026
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Frequently asked questions
Scandbook Holding AB is a Swedish company that specializes in the manufacturing and selling of hard and softcover books for book publishers primarily in Sweden. The company offers a range of products including case-bound hardback books with colored or printed paper wrapped with a dust jacket, case-bound hardback books with printed paper glued to the cover board, and books with softcovers and paperbacks, some of which come with flaps. Beyond book production, Scandbook provides additional services such as composition/positioning of inlay, design of the book cover, stocks of covers, interposer of folders, and wrapping services, as well as prepress and logistics services. The company is headquartered in Falun, Sweden, and its shares are listed on the Stockholm Stock Exchange.
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