Clemondo Group (CLEM) Q3 2026 earnings summary

Executive summary

• Q3 2026 net sales rose 3% YoY to SEK 67.5m, marking the ninth consecutive quarter of sales growth; the quarter is seasonally the weakest.

• Higher input costs linked to the situation in the Strait of Hormuz outweighed sales growth, compressing gross margin and reducing earnings.

• Focus remains on pricing, efficiency and cost control while continuing strategic initiatives and pursuing long-term profitable growth.

Financial highlights

• Q3 revenue SEK 67.5m vs SEK 65.3m; EBITDA SEK 2.5m vs SEK 5.1m; EBIT -SEK 1.5m vs SEK 1.4m.

• Q3 net loss SEK 2.0m vs net income SEK 0.7m; EPS -SEK 0.15 vs SEK 0.05.

• 9M revenue SEK 226.2m vs SEK 213.4m; EBITDA SEK 13.4m vs SEK 17.3m; net loss SEK 0.7m vs net income SEK 3.9m.

• Q3 gross margin fell to 33.5% from 39.6%; gross profit declined SEK 3.0m YoY despite higher sales.

• Other and personnel costs together declined SEK 0.4m YoY; depreciation and amortization was SEK 4.0m vs SEK 3.7m.

Outlook and guidance

• Financial targets: annual growth of at least 12%, half organic; EBITDA margin of at least 10% over a business cycle; equity ratio of at least 30%.

• Near-term priorities are to improve profitability through price adjustments and efficiency while advancing strategic initiatives and improving capacity utilization.

• Longer term, management sees significant opportunities for profitable growth across its market areas.