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Systembolaget
Systembolaget (SB) investor relations material
Systembolaget has been private
Systembolaget Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary23 Oct, 2026
Executive summary
Q3 revenue rose 1.2% YoY to SEK 10,214m; operating profit increased to SEK 219m from SEK 143m and net income to SEK 160m from SEK 115m.
9M revenue grew 1.0% YoY to SEK 28,803m; operating profit was SEK 165m versus SEK 10m and net income SEK 120m versus SEK 13m.
Higher gross profit and cost adjustments supported results despite lower sales volumes and inflation-driven costs.
Financial highlights
Q3 gross profit was SEK 1,284m versus SEK 1,232m; price increases added SEK 67m, partly offset by lower volume (-SEK 13m) and mix (-SEK 1m).
9M gross profit reached SEK 3,589m versus SEK 3,472m; price increases added SEK 146m, partly offset by lower volume (-SEK 7m) and mix (-SEK 19m).
Q3 operating profit was SEK 219m versus SEK 143m; 9M operating profit was SEK 165m versus SEK 10m, reflecting stronger gross profit and lower costs.
Q3 net financial items were -SEK 17m versus SEK 2m; 9M net financial items were -SEK 22m versus SEK 9m, mainly due to unrealized investment-value changes.
Q3 net income was SEK 160m versus SEK 115m; 9M net income was SEK 120m versus SEK 13m. Q3 EPS was SEK 444 versus SEK 319; 9M EPS was SEK 333 versus SEK 36.
Outlook and guidance
Cost adjustments are intended to align costs with lower volumes; ongoing work after the logistics direction decision aims to create more robust, sustainable and efficient supply.
2026 targets include cost efficiency below 19%, ROE of 5–15%, equity ratio of 14–20%, and a 15% reduction in product-range climate footprint versus the 2019 baseline.
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Latest events from Systembolaget
- Q2 profit and customer satisfaction rose sharply, with strong cost control and logistics changes.SB
Q2 2026 - Net sales grew 1.5% and operating results improved, despite ongoing volume decline.SBQ1 2026
- Sharp profit drop amid lower sales volumes, but record customer satisfaction and sustainability focus.SBQ4 2025
- Stable sales but lower profits as digital and sustainability investments continue.SBQ3 2025
- Sales up 1.7% in Q2, but profit and volumes down; only alcohol-free segment grew.SBQ2 2025
- Sales up, profit down as beer gains share; digital and sustainability efforts intensify.SBQ3 2024
- Q2 profit dropped sharply on lower volumes and higher costs, despite strong public trust.SBQ2 2024
- Sales and volumes rose, but profit fell as costs and sales mix shifts weighed on results.SBQ4 2024
- Sales and profit declined on lower volumes and higher costs, but market share rose.SBQ1 2025
Next Systembolaget earnings date
Q4 20265 Feb, 2027
Systembolaget
Next Systembolaget earnings date
Q4 20265 Feb, 2027
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Frequently asked questions
Systembolaget is the government-owned chain of liquor stores in Sweden, operating as the country’s exclusive retailer of alcoholic beverages above 3.5% alcohol by volume, with a mandate to minimize alcohol-related problems by selling alcohol in a responsible manner, without profit motive. It offers a wide range of beer, wine, spirits, and other alcoholic beverages, sourced from both local and international producers. Through its retail outlets and an online store, Systembolaget provides consumer information on alcohol and health, aiming to promote responsible drinking. The organization also plays a significant role in supporting Swedish alcohol policy. Systembolaget's operations are regulated by Swedish law, which mandates its retail monopoly to prevent private sales of strong alcohol. The company is headquartered in Stockholm, Sweden, and as a state-owned entity, it is not listed on any stock exchange.