Enento Group (ENENTO) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 3.4% at comparable FX to EUR 38.8m; adjusted EBITDA increased 11.0% to EUR 15.1m, lifting margin 2.7 pp to 38.8%.

• 9M net sales grew 2.9% at comparable FX to EUR 118.3m; adjusted EBITDA rose 9.6% to EUR 43.1m.

• Growth spanned all reporting segments, led by Finland; stronger operating performance and working capital supported higher free cash flow.

Financial highlights

• Q3 free cash flow rose to EUR 11.4m from EUR 7.2m; new services generated EUR 3.6m, or 9.2% of sales, versus EUR 2.4m and 6.3%.

• Q3 adjusted EBIT was EUR 12.1m; reported EBIT was EUR 10.2m versus EUR 8.2m, and profit was EUR 7.0m versus EUR 5.1m.

• 9M reported EBIT was EUR 19.6m versus EUR 18.3m; profit was EUR 11.4m versus EUR 10.3m, including EUR 9.1m of comparability items.

• 9M capital expenditure was EUR 4.3m versus EUR 5.0m, primarily for new products and services, platforms and IT infrastructure.

Outlook and guidance

• 2026 guidance unchanged: net sales growth of 0–5% at comparable FX; adjusted EBITDA is expected to grow faster than net sales.

• Stable Finnish demand and improving Swedish conditions support the sales outlook; disciplined cost control and investment target stronger EBITDA and free cash flow.