Söder Sportfiske (SODER) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 2025 decreased by 0.8% to 65.4 MSEK compared to Q3 2024, with organic growth also at -0.8%.

• International sales grew by 4.6% while Swedish sales declined by 3.0% year-over-year.

• Own brands saw strong growth, up 29.5% in the quarter, with new product launches exceeding expectations.

• The company focused on improving international performance and optimizing inventory and supply chain.

Financial highlights

• Q3 2025 EBITDA was 5.7 MSEK (8.7% margin), down from 7.2 MSEK (10.9%) in Q3 2024.

• EBIT for Q3 was 4.2 MSEK (6.5% margin), down from 5.7 MSEK (8.7%).

• Net income for Q3 was 3.2 MSEK, with EPS at 0.38 SEK, both lower than the previous year.

• For Jan–Sep 2025, net sales increased by 1.9% to 182.7 MSEK, EBITDA was 13.1 MSEK (7.2% margin), and net income was 6.3 MSEK.

• Cash flow from operations in Q3 was 4.7 MSEK; cash and equivalents at period end were 35.3 MSEK.

Outlook and guidance

• The company is intensifying efforts to optimize product mix, strengthen supplier relations, and improve campaign precision for future growth.

• Several new product launches are planned for the next season, aiming to drive continued growth.