KABE Group (KABE) Q3 2025 earnings summary

Executive summary

• Net sales for January–September 2025 were SEK 2,507 million, down from SEK 3,006 million year-over-year.

• Operating profit was SEK 83 million (SEK 207 million), with an operating margin of 3.3% (6.9%).

• Net income for the period was SEK 73 million (SEK 173 million), and EPS was SEK 8.11 (SEK 19.22).

• Cash flow from operating activities improved to SEK 317 million (SEK -2 million).

• Sales in the Nordic region outperformed other markets, while Germany and the UK saw reduced volumes.

Financial highlights

• Q3 2025 net sales were SEK 677 million (SEK 873 million), with operating profit at SEK 10 million (SEK 37 million).

• Operating margin for Q3 was 1.5% (4.2%).

• Cash and cash equivalents at period end were SEK 317 million (SEK 209 million).

• Equity ratio was 67.9% (65.9%).

• Net cash position was SEK 249 million (SEK 154 million).

Outlook and guidance

• Focus remains on reducing inventory levels and adapting production to demand.

• Broader product portfolio and increased international presence reduce exposure to single markets.

• Long-term trends for sustainable travel and premium products expected to drive future growth.