Lagercrantz Group (LAGR) Q3 2026 earnings summary

Executive summary

• Net revenue surpassed SEK 10 billion over the last 12 months, with Q3 net revenue up 16% year-over-year to MSEK 2,854 and EBITA margin at 18%.

• 12 acquisitions in the past year added over 15% to total revenues, contributing MSEK 1,440 in annual revenue and supporting both organic and acquisition-driven growth.

• Most divisions contributed strong earnings and improved margins, driven by value creation in existing and acquired units.

• Order intake increased organically by 7% compared to the same quarter last year, despite a 4% negative currency impact.

• The company aims to reach SEK 2 billion in EBT within 5 years and has raised its EBITA margin target to 20% within 2-3 years.

Financial highlights

• Q3 EBITA margin improved to 18.0% from 17.4% year-over-year, with EBITA up 20% to MSEK 513.

• Profit after financial items (EBT) increased 19% to MSEK 400; profit after taxes up 18% to MSEK 314.

• Earnings per share for the last 12 months rose to SEK 5.53 from SEK 4.93.

• Return on equity reached 29%; equity ratio at 32%.

• Cash flow from operations increased 12% for both Q3 and the nine-month period.

Outlook and guidance

• Financial targets reiterated: annual profit (EBT) growth >15%, at least one-third organic, and ROE >25%.

• EBITA margin target set at 20% within 2–3 years; P/WC consistently above 60%.

• EBT target of SEK 2 billion within five years.

• Strategic focus on increasing share of proprietary products to 85%.

• Expects 10-15% annual growth, with higher M&A activity during periods of slower organic growth.