INVISIO (IVSO) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 40% YoY to SEK 408.1m; 9M revenue increased 28% to SEK 1,351.4m, supported by recovering U.S. demand and higher new-product deliveries.

• Q3 order intake reached a record SEK 565.5m, up 18% YoY; the order book was SEK 647.7m at quarter-end, down 27% YoY.

Financial highlights

• Q3 gross profit increased 38% to SEK 228.4m; EBITDA was SEK 51.8m versus SEK 14.5m, and EBIT was SEK 32.2m versus a SEK 3.2m loss.

• Q3 net profit was SEK 30.6m versus a SEK 4.2m loss; EPS was SEK 0.66 versus a loss of SEK 0.09.

• 9M operating profit reached SEK 150.2m versus SEK 84.6m; EBITDA was SEK 202.7m versus SEK 136.9m, and net profit was SEK 117.3m versus SEK 51.7m.

• Q3 operating cash flow was SEK 91.9m versus SEK 105.8m; 9M operating cash flow fell to SEK 161.0m from SEK 282.3m, mainly due to customer invoicing and payment timing.

Outlook and guidance

• Most of the SEK 647.7m order book is expected to convert to revenue over the next two to three quarters; Q3 order intake supports revenue generation in coming quarters.

• Long-term targets are average annual revenue growth of at least 20%, average annual EBIT margin of at least 20%, and dividends of 25–50% of profit after tax.

• Management expects high market activity for years, with modernization needs and rising defense spending supporting progressively stronger demand.