Avensia (AVEN) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 1.5% YoY to SEK 90.3m, ending prior-quarter declines; adjusted operating margin improved to 9.9%, near the 10% short-term target.

• Q3 reported operating profit was SEK 3.9m, including SEK 5.0m of Commerce restructuring costs; adjusted operating profit was SEK 8.9m.

• 9M revenue was SEK 297.2m versus SEK 317.1m, while reported operating profit was SEK 16.7m versus SEK 31.3m.

Financial highlights

• Q3 net profit was SEK 1.6m versus SEK 4.6m; EPS was SEK 0.04 versus SEK 0.12.

• 9M net profit was SEK 10.7m versus SEK 22.7m; EPS was SEK 0.29 versus SEK 0.61.

• Q3 operating costs were SEK 86.8m versus SEK 82.4m; personnel costs were SEK 63.0m, or 70% of revenue, versus SEK 58.2m, or 65%.

• Q3 operating cash flow was SEK 1.3m versus SEK 1.1m; 9M operating cash flow was SEK 22.9m versus SEK 25.4m.

Outlook and guidance

• No revenue or earnings forecasts; targets are 10% annual organic growth over time, a 10% short-term operating margin and a 15% long-term margin.

• Demand is expected to strengthen structurally over time; future earnings depend on sales, utilization, license revenue, project execution and pricing.