Proact IT Group (PACT) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 8.9% YoY to SEK 1,180m, with organic growth of 8.3%; adjusted EBITA increased 47.3% to SEK 112m and margin rose to 9.5% from 7.0%.

• 9M revenue grew 6.9% to SEK 3,709m and adjusted EBITA rose 43.8% to SEK 332m; operating cash flow was SEK 383m vs SEK 154m.

• Higher Systems sales, large deals in Nordic & Baltics and West, and cost efficiencies supported results; three of four business areas improved adjusted EBITA.

Financial highlights

• Systems revenue increased 14.4% to SEK 635m; services revenue rose 3.0% to SEK 544m. Q3 gross profit rose 14.2% to SEK 298m and gross margin improved to 25.3% from 24.1%.

• Adjusted EBITA was SEK 112m vs SEK 76m; adjusted EBITA margin was 9.5% vs 7.0%. Earnings after tax were SEK 80m vs SEK 37m.

• 9M gross profit was SEK 913m vs SEK 824m, with gross margin at 24.6% vs 23.7%; earnings after tax increased to SEK 220m from SEK 108m.

• 9M adjusted EBITDA was SEK 441m vs SEK 346m; reported EBIT was SEK 288m vs SEK 160m and earnings before tax were SEK 275m vs SEK 132m.

Outlook and guidance

• Memory supply remains constrained, with elevated prices expected through 2027; long lead times may postpone Systems deals and related services delivery.

• Strategic priorities include hybrid cloud, security, AI-related infrastructure and recurring business, with focus on areas offering strong potential for profitable growth.

• West and Central will merge from 1 January 2027 to strengthen profitability through shared resources, expertise and a more unified customer offering.