Ependion (EPEN) Q3 2026 earnings summary

Executive summary

• Q3 sales rose 22% organically to 663.6 MSEK; EBITA reached a record 95.0 MSEK, up 43%, and the margin expanded to 14.3% from 12.2%.

• Growth spanned both business entities; order intake rose 12% to 565 MSEK, backlog reached 1,240 MSEK and book-to-bill was 0.85.

Financial highlights

• Q3 net sales were 663.6 MSEK, up 22% (21% excluding currency effects); EBIT was 86.5 MSEK, up 37%, and net profit was 56.9 MSEK, up 41%.

• Q3 profit before tax increased 36% to 75.6 MSEK; EPS rose 40% to SEK 1.77 from SEK 1.26.

• 9M net sales rose 18% to 1,942.9 MSEK; EBITA reached 254.2 MSEK, up 38%, and net profit was 142.9 MSEK, up 39%.

• 9M sales growth comprised 11% organic, 9% acquisition and -2% FX; excluding currency effects and acquisitions, growth was 11%.

• 9M EPS increased to SEK 4.44 from SEK 3.35.

Outlook and guidance

• Following three strong quarters, profitable growth for FY 2026 remained the expectation despite geopolitical and economic uncertainty.

• Targets are at least 10% annual organic growth, an EBITA margin of at least 15% and dividend payments; 9M growth was 11% and EBITA margin 13.1%.

• Medium-term confidence reflects underlying demand in rail, maritime applications, energy and other critical infrastructure.