DevPort (DEVP) Q3 2026 earnings summary

Executive summary

• Q3 revenue fell 26.3% YoY to SEK 64.6m; reported operating loss was SEK 10.6m, including SEK 9.1m in comparison items, while adjusted operating loss was SEK 1.5m.

• Jan-Sep revenue declined 28.3% to SEK 233.4m; reported operating loss was SEK 17.2m versus SEK 2.2m a year earlier.

• September adjusted operating profit was SEK 2.0m; operating cash flow was positive as restructuring measures supported the quarter-end position.

• Restructuring was completed to support sustainable profitability, alongside a simpler organization and broader business mix.

Financial highlights

• Q3 net loss was SEK 10.8m versus SEK 5.3m; EPS was SEK -1.07 versus SEK -0.52.

• Q3 operating margin before comparison items was -2.4% versus -1.3%; reported operating margin was -16.4% versus -7.2%.

• Jan-Sep adjusted operating result was SEK -6.8m versus SEK 6.6m; margin was -2.9% versus 2.0%.

• Q3 operating cash flow was SEK 1.9m versus SEK -10.0m; quarter-end cash was SEK 31.5m versus SEK 36.1m.

Outlook and guidance

• Q4 priorities: develop customer relationships and sales, improve consultant utilization and own-consultant share, and maintain cost control in a simpler organization.

• Restructuring is expected to reduce annual costs by SEK 23.8m, including SEK 14.6m in fixed costs; SEK 1.5m of rent savings take effect from 2028.

• Long-term targets over a business cycle: average annual growth of at least 20%, operating margin of at least 8%, and at least 40% of revenue outside automotive.