NYORDA (NYOR) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 9% YoY to SEK 570M, with growth across all regions and both business areas; adjusted EBITDA increased 25% to SEK 28M.

• Q3 marked a shift from restructuring to execution; performance improved across Partner Marketing and Influencer Marketing.

• Nine-month revenue increased 3% reported and 5% at constant currency, while adjusted EBITDA rose to SEK 73M from SEK 70M.

Financial highlights

• Q3 gross profit rose 9% YoY to SEK 125M; gross margin was 22.0% versus 21.9%.

• Q3 operating profit was SEK 16M versus SEK 7M; net profit was SEK 9M versus SEK 3M.

• 9M operating profit was SEK 26M versus SEK 26M; net profit fell to SEK 10M from SEK 19M, with net financial items of SEK -9M versus SEK -5M.

• Q3 operating cash flow was SEK 10M versus SEK 74M; 9M operating cash flow was SEK -7M versus SEK 82M, reflecting working-capital movements and prior-year timing effects.

Outlook and guidance

• Long-term targets remain annual revenue growth above 10% in local currency and EBITDA above 25% of gross profit over a business cycle.

• Priorities include consistent growth, improved EBITDA-to-gross-profit ratio, stronger Partner Marketing profitability, and increased commercial traction in growth businesses.

• Further simplify operations, improve accountability and operating leverage, and use AI and automation to strengthen productivity and scalability.