Ellos Group (ELLOS) Q3 2025 earnings summary

Executive summary

• Net sales reached SEK 850.5 million in Q3 2025, up approximately 10% year-over-year, with strong contributions from all e-commerce sites and both fashion and home furnishings segments.

• Adjusted EBITA for Q3 was SEK 66.1 million, the highest margin of the year at 7.8%, driven by improved gross margin and growth in private labels.

• Profit for the period improved significantly to SEK 16.3 million in Q3 and SEK 1.3 million for the first nine months, reflecting a turnaround from prior losses.

• Cash flow from operating activities increased, providing a solid foundation for Q4.

Financial highlights

• Q3 2025 net sales: SEK 850.5 million; gross profit: SEK 375.0 million; gross margin: 44.1%.

• Q3 operating profit: SEK 47.5 million (operating margin 5.6%); adjusted EBITA: SEK 66.1 million (margin 7.8%).

• January–September 2025 net sales: SEK 2,453.0 million; gross profit: SEK 1,060.2 million; gross margin: 43.2%.

• January–September operating profit: SEK 85.9 million (operating margin 3.5%); adjusted EBITA: SEK 140.0 million (margin 5.7%).

• Cash flow from operating activities: SEK 18.2 million in Q3; SEK 16.8 million YTD.

Outlook and guidance

• Management remains optimistic for the remainder of 2025, citing improved capital structure, positive consumer confidence trends, and ongoing growth in e-commerce.

• Focus will remain on core customers, efficiency, and cash flow, supported by long-term financing.