Lagercrantz Group (LAGR) Q3 25/26 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, with value creation in both existing and acquired units.

• Management aims for SEK 2 billion in EBT within 5 years and has raised the EBITA margin target to 20% within 2–3 years.

• Order intake increased organically by 7% year-over-year, despite currency headwinds.

Financial highlights

• Q3 EBITA margin improved to 18.0%, with EBITA up 20% to MSEK 513; profit after financial items up 19% to MSEK 400.

• Nine-month net revenue up 13% to MSEK 7,784; EBITA up 16% to MSEK 1,387; profit after tax up 17% to MSEK 872.

• 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 above 15%, at least one-third organic, and ROE above 25%.

• EBITA margin target set at 20% for group and divisions within 2–3 years.

• EBT target of SEK 2 billion within five years.

• Profitable working capital target raised to 60%.

• Acquisition pace expected to remain between 10–15% of sales, with 8–12 acquisitions per year.