Firefly (FIRE) Q3 2026 earnings summary

Executive summary

• Q3 orders grew 6% on a currency-neutral basis, while revenue declined 4%; currency-adjusted EBIT was SEK 23.9m versus reported EBIT of SEK 20.6m.

• For 9M, currency-neutral orders and revenue each rose 5%; reported EBIT increased 9% and EPS increased 14% YoY.

Financial highlights

• Q3 order intake was SEK 136.4m (SEK 132.3m), up 6% currency-neutral; period-end backlog was SEK 150.4m (SEK 150.2m), up 0.1%.

• Q3 revenue was SEK 122.1m (SEK 130.5m), down 4% currency-neutral; EBIT was SEK 20.6m (SEK 22.9m), down 10%, or SEK 23.9m adjusted for currency effects.

• Q3 operating cash flow was SEK 10.9m (SEK 11.1m), down 1%; EPS was SEK 2.63 (SEK 3.08).

• 9M order intake was SEK 399.4m (SEK 392.0m), up 5% currency-neutral; backlog was SEK 150.4m (SEK 150.2m), up 0.1%.

• 9M revenue was SEK 357.3m (SEK 348.5m), up 5% currency-neutral; EBIT was SEK 43.2m (SEK 39.7m), up 9%, or SEK 46.3m adjusted for currency effects.

Outlook and guidance

• A cautiously positive market view heading into Q4, with ongoing demand across several markets and new customer segments expanding growth opportunities.

• Multiple product launches are planned over the next 12 months, following first-half introductions of Firefly Prediction and Firefly Automated Water Cannon, which received a positive customer response.

• 2026–2030 financial targets: average annual revenue growth above 15% in constant currency and aggregate operating margin above 15%.