Rejlers (REJL-B) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 2025 reached SEK 1,028.6 million, up 6.0% year-over-year, with organic growth also at 6.0% and EBITA at SEK 73.6 million, margin 7.2%.

• For the first nine months of 2025, net sales totaled SEK 3,430.3 million, a 6.9% increase, with organic growth at 6.8% and EBITA of SEK 257.7 million, margin 7.5%.

• Net profit after tax for Q3 was SEK 27.9 million, nearly flat year-over-year.

• Strategic acquisitions and a Platinum EcoVadis rating support long-term growth and sustainability ambitions.

• Ongoing transformation aligned with a 2030 sustainable business strategy.

Financial highlights

• Q3 2025 EBITA was SEK 73.6 million (up from SEK 67.6 million), margin 7.2% (7.0%).

• Q3 2025 earnings per share before dilution were SEK 1.23, compared to SEK 1.26 in Q3 2024.

• Operating profit (EBIT) for Q3: SEK 52.8 million (52.0 million); EBIT margin: 5.1% (5.4%).

• Cash flow from operating activities for Q3: SEK 25.7 million (improved from -15.3 million).

• Net debt/EBITDA (rolling 12 months): 1.4x at period end.

Outlook and guidance

• Market conditions are stable but not booming; gradual strengthening expected in 2026 due to interest rate cuts and Nordic investments.

• Ambition to double group revenue by 2030, targeting SEK 8 billion turnover and at least 10% EBITA margin.

• Focus on highest organic growth in the industry, complemented by strategic acquisitions.