Ogunsen (OGUN) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 2.8% YoY to SEK 102.3m, the strongest total growth since Q1 2023; EBIT increased to SEK 7.4m and margin to 7.2%.

• Management cited slightly higher demand in consulting and recruitment, improved utilization and hourly fees, and a more resource-efficient organization; early Q4 demand remained stable.

Financial highlights

• Q3 net income was SEK 5.8m vs. SEK 4.5m; EPS was SEK 0.54 vs. SEK 0.42, and operating cash flow was SEK 1.1m vs. negative SEK 2.2m.

• 9M revenue declined 0.9% YoY to SEK 324.9m; EBIT rose to SEK 16.3m from SEK 12.2m, and net income increased to SEK 12.5m from SEK 9.4m.

• 9M adjusted EBIT, excluding SEK 2.0m of non-recurring personnel costs, was SEK 18.3m vs. SEK 15.1m; 9M EPS was SEK 1.17 vs. SEK 0.87.

Outlook and guidance

• Management said stable demand continued into early Q4 and expressed hope for a gradually stronger market; the stated plan is to restore normal profitability and drive growth.

• Sales activity remained high in volume, with ongoing work to improve value in client dialogue and delivery as AI changes skills needs.