Avensia (AVEN) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was 89.0 MSEK, down 3% year-over-year, with improved utilization and hourly rates but fewer billable hours due to a smaller workforce.

• Operating income for Q3 rose to 6.7 MSEK (up 14% year-over-year), with a margin of 7.5% (6.4%), driven by cost reductions.

• Net income for Q3 was 4.6 MSEK, up from 3.7 MSEK in Q3 2024.

• Cash flow for Q3 was -2.6 MSEK, mainly due to dividend payments; cash and equivalents at quarter-end were 36.3 MSEK.

• The company is organized into two subsidiaries: Commerce and Information Management (IM).

Financial highlights

• Q3 revenue: 89.0 MSEK (91.7 MSEK in Q3 2024); 9M revenue: 317.1 MSEK (306.9 MSEK in 2024).

• Q3 operating income: 6.7 MSEK (5.9 MSEK); 9M operating income: 31.3 MSEK (23.0 MSEK).

• Q3 net income: 4.6 MSEK (3.7 MSEK); 9M net income: 22.7 MSEK (15.8 MSEK).

• Q3 EPS: 0.12 SEK (0.10 SEK); 9M EPS: 0.61 SEK (0.43 SEK).

• Q3 operating margin: 7.5% (6.4%); 9M margin: 9.9% (7.5%).

Outlook and guidance

• Structural demand in core markets is expected to increase over time, though a global recession remains a risk.

• Short-term goal is a 10% operating margin; long-term target is 15% margin and 10% annual organic growth.

• No specific revenue or earnings forecasts provided.