Binero Group (BINERO) Q3 2026 TU earnings summary

Executive summary

• YTD September revenue was SEK 407.2m, up 14% YoY; EBITDA nearly doubled to SEK 28.3m from SEK 14.5m.

• Focus on costs, organization, integration and recurring-revenue quality supported improved profitability and scalability.

Financial highlights

• YTD September gross profit was SEK 172.1m vs SEK 139.3m; gross margin rose to 42% from 39%.

• Adjusted EBITA was SEK 12.2m vs SEK 5.3m; transaction, restructuring and extraordinary costs were SEK 3.1m vs SEK 15.5m.

• Recurring revenue (ARR) increased 14% to SEK 407m; quarterly ARR reached SEK 406.6m in September 2026.

Outlook and guidance

• Long-term organic growth target is 10% annually; focus remains on pipeline conversion, cross-selling and long-term customer relationships.

• Stronger order book and sales pipeline support commercial momentum, but conversion and delivery into revenue and profitability remain decisive.

• Commercial activity increased after summer, with Healthcare and Hospitality prioritized; further margin strengthening remains a focus.