Tången Industrikapital (TANGEN) investor relations material

Executive summary

• Q3 net sales rose 68.8% YoY to SEK 597.2m, including 19.9% organic growth; adjusted EBITA increased 94.7% to SEK 83.3m, with a 13.9% margin.

• Growth and margin expansion lifted 9M adjusted EBITA to SEK 254.2m; 9M operating cash flow was SEK 243.6m.

• All business areas expanded sales and margins, with demand and order intake strong across several markets.

Financial highlights

• Q3 operating profit was SEK 70.1m, up 85.3% YoY; profit for the period was SEK 42.3m and EPS was SEK 0.75.

• Q3 operating cash flow was SEK 70m, up 56% YoY; cash conversion was 86%.

• 9M net sales rose 61% to SEK 1,817.6m, including 17.3% organic growth; acquisitions contributed SEK 490.9m of the increase.

• 9M adjusted EBITA was SEK 254.2m, up 117.2%; organic adjusted EBITA growth was 23%.

Outlook and guidance

• Q4 profitability is expected to remain near Q3 levels; acquired businesses are expected to support growth despite a tough organic comparison.

• Q4 comparisons are challenging after highly profitable Q4 2025 project deliveries; seasonality is expected to weigh on Industrial Technology.

• The acquisition target remains four to six deals annually; six FY26 acquisitions, including two in Q3 and one in October, are expected to support coming quarters.