Lundbergföretagen (LUND) Q3 2025 earnings summary

Executive summary

• Net asset value after deferred tax was SEK 137.2 billion (SEK 553/share) on September 30, 2025, slightly down from SEK 137.6 billion (SEK 555/share) at year-end, but up to SEK 139.8 billion (SEK 564/share) by November 21, 2025.

• Consolidated net sales for January–September 2025 were SEK 22,242 million, marginally lower than SEK 22,464 million year-over-year.

• Profit after financial items rose to SEK 9,952 million (SEK 8,449 million), with profit after tax at SEK 9,181 million (SEK 7,501 million).

• Earnings per share attributable to shareholders increased to SEK 29.78 (SEK 24.56).

Financial highlights

• Operating profit for the period was SEK 10,401 million (SEK 8,855 million), with SEK 4,271 million (SEK 3,904 million) from associated companies.

• Adjusted profit after financial items (excluding unrealized value changes) was SEK 9,083 million (SEK 9,053 million).

• Group shareholders’ equity increased to SEK 174,042 million (Dec 31, 2024: SEK 166,705 million).

• Interest-bearing net debt increased to SEK 22,117 million (Dec 31, 2024: SEK 19,677 million).

• Equity/assets ratio remained strong at 74%.

Outlook and guidance

• No explicit forward-looking guidance provided, but continued investments in listed shares and real estate signal ongoing active portfolio management.