Kopparbergs (KOBR) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 2025 were 643.9 MSEK, slightly down from 651.0 MSEK in Q3 2024; nine-month sales reached 1,851.4 MSEK versus 1,865.6 MSEK year-over-year.

• EBITDA for Q3 2025 was 80.5 MSEK, up from 79.2 MSEK; nine-month EBITDA was 232.9 MSEK, up from 231.1 MSEK.

• EPS for Q3 2025 rose to 2.75 SEK from 1.30 SEK; nine-month EPS was 6.18 SEK, up from 6.13 SEK.

• Stable sales in the UK, the largest export market, with continued market leadership in Sweden's cider segment.

Financial highlights

• Operating income (EBIT) for Q3 2025 was 65.1 MSEK, up from 64.1 MSEK; nine-month EBIT was 185.8 MSEK, up from 183.5 MSEK.

• Net income for Q3 2025 was 56.6 MSEK, up from 26.7 MSEK; nine-month net income was 127.3 MSEK, up from 126.3 MSEK.

• Cash flow from operations for the nine months was 207.5 MSEK, up from 76.4 MSEK year-over-year.

• Investments for the period totaled 24.1 MSEK, down from 71.2 MSEK.

Outlook and guidance

• Management remains positive about future prospects, citing strong brands and stable market positions despite global uncertainties.

• Continued focus on expanding product range and distribution, especially in the UK and other key export markets.