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ViaCon Group (VIACON) investor relations material
ViaCon Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary18 Nov, 2025
Executive summary
Q3 2025 saw strengthened earnings and margins, with underlying EBITDA margin rising from 9% to 10.1% year-over-year, driven by cost control and restructuring efforts from late 2024.
Q3 2025 net sales were EUR 45.8 million, down 0.2% year-over-year, with organic growth of 2.0%.
Market activity improved in 2025 but has not returned to normal levels; large-scale infrastructure projects are planned but delayed by complex permitting processes.
Order intake declined 9.6% year-over-year in Q3, reflecting delayed infrastructure project decisions.
Efficiency measures and a reduced cost base drove margin improvements.
Financial highlights
Q3 EBITDA was EUR 8.9 million (EUR 3.8 million), margin 19.5% (8.4%).
Underlying Q3 EBITDA was EUR 4.6 million (EUR 4.1 million), margin 10.1% (9.0%).
Cash flow from operating activities was EUR 0.6 million, up from minus EUR 0.9 million in Q3 2024.
CapEx was low at EUR 0.4 million, down from EUR 1 million a year ago.
Net debt at quarter-end was EUR 108.4 million, with cash and equivalents at EUR 14 million.
Outlook and guidance
Market activity is expected to remain below normal through 2025, with a more significant recovery anticipated in 2026 as new laws in Poland accelerate project approvals.
Large-scale European infrastructure investments are expected to drive gradual market recovery.
Order intake growth is expected to accelerate in line with upcoming infrastructure investments across Europe, with a trend shift likely in 2026.
The company is preparing for growth by targeting specific geographies and product segments and strengthening sales and technical teams.
Efficiency measures implemented in late 2024 are expected to have a lasting positive impact.
Order intake trends vs. market recovery
How much did efficiency measures boost Q3 margin?
Assess balance sheet strength post-financing actions
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Next ViaCon Group earnings date
Q4 202524 Feb, 2026
Next ViaCon Group earnings date
Q4 202524 Feb, 2026
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Frequently asked questions
ViaCon Group is a Swedish infrastructure solutions provider specializing in civil engineering products and systems. The company offers solutions for soil stabilization, drainage, bridges, culverts, and stormwater management. It serves construction and infrastructure sectors across Europe, with a focus on sustainable and long-lasting design technologies. The company is headquartered in Gothenburg, Sweden, and its shares are listed on the NGM.
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