Lifco (LIFCO) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 8.3% to SEK 7,407m, with 1.6% organic growth; EBITA increased 10.7% to SEK 1,708m and margin reached 23.1%.

• 9M net sales rose 7.6% to SEK 22,288m; EBITA increased 10.3% to SEK 5,072m and margin expanded 0.6pp to 22.8%.

• 9M operating cash flow increased 12.0% to SEK 3,514m; EPS advanced 11.7% to SEK 6.38.

Financial highlights

• Q3 profit before tax rose 17.7% to SEK 1,323m and net profit increased 9.5% to SEK 986m; 9M profit before tax rose 14.4% to SEK 3,932m and net profit 11.7% to SEK 2,930m.

• Q3 sales growth comprised 1.6% organic growth, 5.6% from acquisitions and 1.1% FX; 9M growth was 2.5% organic, 6.6% acquisitions and -1.5% FX.

• 9M EBITA of SEK 5,072m included SEK 18m of acquisition costs; excluding these costs, reported EBITA was SEK 5,054m.

• Q3 operating profit increased 13.5% to SEK 1,401m; 9M operating profit rose 11.4% to SEK 4,181m.

Outlook and guidance

• A Contract Manufacturing customer representing ~5% of total revenue cut forecasts from January 2027 and plans to shift purchases to suppliers outside Europe, creating an expected but uncertain Systems Solutions revenue and earnings headwind.

• Eight acquisitions completed in 2026 to date, with turnover exceeding SEK 1bn; acquisition activity is high, but timing is hard to predict and deal quality takes priority over volume.

• The long-term objective is to increase profits every year; stated 2006–2026 LTM sales CAGR was 12.9% and EBITA CAGR 17.3%.

• Balance-sheet target is net debt/EBITDA of 2–3x.