Bredband2 i Skandinavien (BRE2) Q3 2025 earnings summary

Executive summary

• Net sales for the first nine months of 2025 reached 1,405.3 MSEK, a 10% increase year-over-year, with continued strong cash flow and stable profitability despite extraordinary costs related to a takeover bid.

• Focus shifted from rapid growth to improved profitability, with efficiency gains and cost awareness driving results.

• Customer satisfaction remains high, with top Trustpilot ratings and positive development in industry surveys.

Financial highlights

• Q3 net sales: 479.4 MSEK (438.3), EBITDA: 75.4 MSEK (72.0), EBIT: 40.0 MSEK (39.1), net income: 29.6 MSEK (30.6).

• Nine-month EBITDA: 212.9 MSEK (213.6), EBIT: 108.1 MSEK (109.2), net income: 80.3 MSEK (79.7), EPS: 0.084 SEK (0.083).

• Dividend of 0.15 SEK per share distributed, totaling 143.6 MSEK.

• Cash position at Q3 end: 81.9 MSEK; interest-bearing loans: 21.7 MSEK.

Outlook and guidance

• Continued focus on expanding the business, especially on the corporate side, with expectations for improved margins and growth.

• Ongoing investments in infrastructure, product portfolio, and AI-driven efficiency are expected to support long-term competitiveness.

• Uncertainty remains due to the pending Telia acquisition and regulatory review.