Garpco (GARPCO) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 reached SEK 144.161 million, up 11% year-over-year, with organic growth of 6% excluding acquisitions, despite the quarter including the main vacation month and only two production months.

• EBITDA increased by 59% to SEK 8.952 million, with restructuring costs of SEK 2 million impacting the period.

• All business segments reported market share gains, even in challenging market conditions.

• Result after tax for Q3 was SEK 73,000, a turnaround from -2.055 million in Q3 2024.

• Major contract secured for the Tranås unit, ensuring full capacity and two-shift production from Q4 2025.

Financial highlights

• Q3 2025 net sales: SEK 144.161 million (up 11% YoY); EBITDA: SEK 8.952 million (up 59% YoY); EBITA: SEK 4.141 million.

• Equity at period end was SEK 224 million; equity ratio remained high at 52.7%.

• Cash flow for the period was negative SEK 6.8 million; cash and equivalents at SEK 15.4 million.

• Net debt increased to SEK 72.329 million.

• Segment EBITDA: Interiör & Design loss of SEK 2 million, Polymera Material profit of SEK 8.7 million, Industriverktyg profit of SEK 1.8 million.

Outlook and guidance

• Continued focus on restructuring and project portfolio development, especially in Polymera Material.

• Improved order intake across all business areas, especially in Interiör och Design.

• Management expects to benefit from market share gains and expresses increased confidence for year-end due to new contracts and market activity.