Infracom (INFRA) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 4% YoY to SEK 204.6m, while EBITA fell to SEK 15.5m and the margin declined to 7.6% from 12.8%.

• Integration into a single operating entity and efficiency measures aim to lower costs, sharpen accountability and improve profitability; identified savings are expected to materially support results.

Financial highlights

• Q3 revenue was SEK 204.6m vs SEK 196.5m; EBITA SEK 15.5m vs SEK 25.1m; EBIT SEK 14.0m vs SEK 23.8m; EPS SEK 0.30 vs SEK 2.01.

• 9M revenue was SEK 600.0m vs SEK 594.2m; EBITA SEK 51.8m vs SEK 66.7m; EBIT SEK 47.1m vs SEK 63.1m; EPS SEK 0.98 vs SEK 3.72.

• 9M profit before tax was SEK 43.4m vs SEK 161.4m; prior-year results included financial income of SEK 110.4m vs SEK 1.2m in 9M 2026.

• Q3 operating cash flow was SEK 20.9m vs SEK 22.3m; 9M operating cash flow was SEK 33.0m vs SEK 55.5m, affected in part by strategic IT inventory building.

Outlook and guidance

• Financial targets remain annual revenue growth of 15–20%, EBITA margin of 12–15% and net debt/EBITDA below 2.5x; profitability takes priority over higher growth.

• Revenue growth remains below target and EBITA margin below target; priorities include margin management, cost control, more efficient processes and clearer accountability.

• Management expects major cost savings from organizational integration to have a substantial effect on earnings; the main operating companies are planned to merge before end-2026.