Novedo (NOVEDO) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 2025 decreased by 2.2% year-over-year to SEK 701.7 million, with organic growth at -7.4%.

• EBITA rose slightly to SEK 70.3 million, with a margin of 10.0%, while EBIT remained flat at SEK 55.0 million.

• For the nine months, net sales declined 3.0% to SEK 2,108.5 million, and EBITA dropped 26.1% to SEK 162.1 million.

• Market conditions remained cautious due to geopolitical uncertainty and weak economic growth, but the Industrial segment and acquisitions supported margin improvement.

• The group completed its first acquisition in Finland (UKR Oy) and closed the acquisition of Falks Markentreprenad AB after the period.

Financial highlights

• Q3 net sales: SEK 701.7 million (down 2.2% YoY); nine months: SEK 2,108.5 million (down 3.0% YoY).

• Q3 EBITA: SEK 70.3 million (up from 69.4); margin 10.0% (up from 9.7%).

• Q3 EBIT: SEK 55.0 million (flat YoY); nine months EBIT: SEK 117.0 million (down 33.6% YoY).

• Cash flow from operating activities for Q3: SEK 44.7 million (down from 55.9); nine months: SEK 87.3 million (down from 92.4).

• Profit/loss for Q3: SEK -41.2 million; nine months: SEK -185.2 million.

Outlook and guidance

• Management expects the market climate to remain cautious, with demand varying by segment and geography.

• Long-term growth is anticipated from interest rate cuts, infrastructure investments, and regional industrial production.

• Companies are adapting costs and capacity to current conditions while preparing for future growth.