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Transfer Group (TRNSF) investor relations material
Transfer Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue was SEK 22.2m; continuing-business growth was 188% YoY, while EBITDA was -SEK 8.3m and operating cash flow was -SEK 17.7m.
Sales, order wins and delivery activity advanced across the remaining businesses, but delayed permits and a longer-than-planned alarm-center startup pressured liquidity and delayed some revenue.
Financial highlights
Q3 net sales were SEK 22.164m versus SEK 37.977m; excluding divested Sensec, sales rose 188% YoY, mainly on a large Altum security-equipment delivery.
Q3 operating loss was SEK 13.774m versus SEK 7.365m; EBITDA was -SEK 8.302m versus -SEK 2.309m, with Amigo Defense costs and limited revenue contributing to the weaker result.
Q3 net loss was SEK 13.553m and EPS -SEK 0.03; gross margin was 36.8% versus 46.7%.
9M net sales were SEK 61.871m; continuing-business sales were SEK 42.974m, up 73% YoY.
9M EBITDA was SEK 67.985m including SEK 85.412m Sensec disposal gain; adjusted EBITDA was -SEK 17.427m versus -SEK 11.870m, and continuing-business net loss was SEK 33.263m.
Outlook and guidance
2026 targets remain approximately SEK 208m net sales and SEK 35m EBITDA; some revenue is expected to shift into 2027 because ISP approval is pending, while the EBITDA target stands.
A further ISP delay could require revising the 2026 revenue target; approval would enable planned deliveries, particularly for Kuwait.
Q4 growth prospects rely on faster Amigo Systems deliveries, expanded alarm-center capacity and Altum activity; strengthening cash flow and financing remains a priority.
- Strong H1 growth and margin improvement, with strategic acquisitions fueling future expansion.TRNSF
Q2 2026 - Strong Q1 growth, Sensec divestment, and strategic expansion drive improved outlook.TRNSF
Q1 2026 - Q4 2025 saw 77% revenue growth, Sensec sale, and a SEK 41.6 million dividend.TRNSF
Q4 2025 - Sales fell 7% in Q3, but major contract wins and improved margins set up a strong Q4.TRNSF
Q3 2025 - Revenue fell 14% and EBIT turned negative amid restructuring and Sensec divestment plans.TRNSF
Q2 2025 - Strong Q3 growth and divestments position Transfer Group for focused expansion and value creation.TRNSF
Q3 2024 - Strong Q2 sales growth and strategic refocus position Transfer Group for future expansion.TRNSF
Q2 2024 - Lower Q1 results offset by strong order backlog and strategic refocus on Amigo brands.TRNSF
Q1 2025 - Strong sales growth, improved margins, and strategic focus drive Transfer Group's turnaround.TRNSF
Q4 2024
Next Transfer Group earnings date
Next Transfer Group earnings date
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