Öresund (ORES) Q3 2026 earnings summary

Executive summary

• NAV rose 15.6% to SEK 5,956m, or SEK 131.02/share, in Jan–Sep 2026, outperforming SIX Return Index by 4.8 percentage points; Q3 NAV increased 4.1%.

• Jan–Sep total return on the listed share was 27%, versus 11% for SIX Return Index; portfolio gains were led by Scandi Standard, Bilia and Bahnhof, while Ovzon detracted.

Financial highlights

• Jan–Sep result was SEK 838m versus SEK 453m; EPS was SEK 18.43 versus SEK 9.97.

• Q3 result was SEK 235m versus a loss of SEK 309m; securities revaluation contributed SEK 213m versus a loss of SEK 332m, and dividends received were SEK 34m versus SEK 30m.

• Jan–Sep securities revaluation was SEK 713m versus SEK 330m; dividends received were SEK 139m versus SEK 146m.

• Investment portfolio market value, including any options, was SEK 5,817m at Sep 30, up from SEK 5,228m at Dec 31, 2025.

Outlook and guidance

• Preference remains for profitable businesses with stable cash flows; these are viewed as well positioned to outperform the index for the rest of 2026.