Cedergrenska (CEDER) Q3 25/26 earnings summary

Executive summary

• Revenue for Q3 2025/26 increased by 14.1% year-over-year to 413.0 MSEK, with EBITA rising to 33.8 MSEK and an EBITA margin of 8.2%.

• Nine-month revenue grew 36.5% to 1,180.3 MSEK, with EBITA at 94.4 MSEK and a margin of 8.0%.

• Improved profitability attributed to structural changes, acquisitions, and efficiency measures.

Financial highlights

• Q3 adjusted net income (with goodwill amortization reversed) was 25.5 MSEK, up from 22.7 MSEK year-over-year.

• Adjusted EPS for Q3 was 1.98 SEK (1.59 SEK last year); nine-month adjusted EPS was 5.58 SEK (3.26 SEK last year).

• Operating cash flow for Q3 was 7.1 MSEK, down from 14.9 MSEK year-over-year.

• Net debt at period end was 76.1 MSEK, compared to net cash of -41.8 MSEK last year.

Outlook and guidance

• EBITA margin guidance for FY 2025/26 remains at a minimum of 7%.

• Continued focus on efficiency, synergy realization, and quality improvements.