NFO Drives (NFO) Q3 2026 earnings summary

Executive summary

• Q3 revenue fell to SEK 4.0m from SEK 5.0m YoY, while EBIT improved to -SEK 0.1m from -SEK 0.7m as gross margin and cost efficiency strengthened.

• Q1–3 revenue was SEK 11.0m vs SEK 18.8m; EBIT improved to -SEK 2.0m from -SEK 4.4m, primarily on higher gross margin and lower costs.

Financial highlights

• Q3 gross profit rose to SEK 1.6m from SEK 1.3m; gross margin expanded to 39.8% from 25.7% YoY despite lower sales.

• Q3 loss before tax narrowed to SEK 0.1m from SEK 0.7m; net loss was SEK 0.15m vs SEK 0.68m.

• Q1–3 gross profit was SEK 4.0m vs SEK 4.9m; gross margin increased to 36.4% from 26.3%.

• Q1–3 loss before tax and net loss were both SEK 2.0m, compared with SEK 4.6m in Q1–3 2025.

• Q1–3 operating cash flow was -SEK 2.0m and total cash flow -SEK 2.7m; period-end cash was SEK 1.7m.

Outlook and guidance

• Entering Q4 with a broader product range, improved cost structure and earnings trending in the right direction; market conditions warrant a cautious stance.

• The next report, FY 2026 year-end report, is scheduled for 19 February 2027.