LumenRadio (LUMEN) Q3 2026 earnings summary

Executive summary

• Q3 net sales fell 6.5% to MSEK 61.0, with a 7.1% organic decline; EBITDA was MSEK 16.6 and EBITDA margin was 27.2%.

• Jan–Sep net sales rose 2.9% to MSEK 181.5; EBIT increased to MSEK 28.5 from 12.4 and net profit to MSEK 22.9 from 8.7.

Financial highlights

• Q3 EBIT was MSEK 12.8 vs 14.1; EBITDA was MSEK 16.6 vs 17.9; diluted EPS was SEK 0.77 vs 0.85.

• Jan–Sep EBITDA was MSEK 40.2 vs 23.8; diluted EPS was SEK 1.80 vs 0.68.

• Q3 operating expenses declined to MSEK 48.3 from 51.7; Jan–Sep expenses fell to MSEK 153.3 from 164.4.

• Q3 cash flow was MSEK 10.3 vs 5.6; Jan–Sep cash flow was MSEK 22.2 vs negative MSEK 26.2. Period-end cash was MSEK 133.4 vs 91.3.

Outlook and guidance

• Long-term targets are revenue above MSEK 500 by 2030 and average EBITDA margin above 20% over a business cycle.

• Rising component and PCB costs may pressure COGS; mitigation plans include productivity gains and price management.

• Growth prospects include Entertainment Lighting traction, Chinese OEM design wins, CRMX adoption in new markets, and maturing W-DALI support.

• Smart Metering is supported by a 5.7 MUSD order; Building Control priorities include W-Modbus design wins and expanding W-BACnet through distribution.