LumenRadio (LUMEN) Q3 2025 earnings summary

Executive summary

• Q3 2025 marked a return to stability with global trade normalizing after previous volatility, supporting a strong gross margin and robust cost control, despite negative currency effects from a stronger SEK against EUR and USD.

• Sales for Q3 reached 65.2 MSEK, down 1.0% year-over-year, but up 3.1% currency-adjusted; EBIT was 14.1 MSEK and EBITDA margin improved to 27.4%.

• For January–September, sales were flat at 176.5 MSEK, with EBIT and EBITDA significantly lower year-over-year due to a weak first half in the metering business.

Financial highlights

• Q3 net sales: 65.2 MSEK (65.9), -1.0% year-over-year; currency-adjusted growth 3.1%.

• Q3 EBIT: 14.1 MSEK (14.0); EBITDA: 17.9 MSEK (17.8), margin 27.4% (27.0%).

• Q3 EPS after dilution: 0.84 SEK (0.82).

• January–September net sales: 176.5 MSEK (176.4), EBIT: 12.4 MSEK (22.9), EBITDA: 23.8 MSEK (34.1), margin 13.5% (19.4%).

• Cash flow for Q3: 5.6 MSEK (8.4); for the period: -26.2 MSEK (13.1).

• Cash and equivalents at period end: 91.3 MSEK (97.5).

Outlook and guidance

• Macroeconomic uncertainty persists, but order patterns have normalized and the company is focused on strengthening quarter by quarter.

• Long-term financial targets: average annual organic growth >25% and EBITDA >20% over a business cycle.