Savox Communications (SAVOX) Q3 2026 earnings summary

Executive summary

• Q3 orders rose 69% YoY to €15.3m and revenue rose 57% to €15.4m; higher volumes and Defense mix lifted operating profit to €2.9m from a €0.7m loss.

• For 9M, orders grew 53% to €52.5m and revenue increased 27% to €38.0m; comparable EBIT was €2.2m versus a €1.9m loss.

• September order book was €36.0m excluding options and €65.6m including options; backlog conversion and higher deliveries are central to Q4 execution.

Financial highlights

• Q3 gross profit rose to €7.7m from €3.6m; gross margin improved to 50% from 37%, supported by revenue growth and favorable product mix.

• Q3 EBIT and comparable EBIT were both €2.9m, versus comparable EBIT of -€0.7m in Q3 2025; Q3 comparable EBIT margin was 19%.

• 9M reported EBIT was €1.3m versus a €2.3m loss; comparable EBIT was €2.2m versus a €1.9m loss, with €0.9m of comparability items.

• Q3 net income was €2.3m versus a €1.4m loss; 9M net loss narrowed to €1.6m from €4.8m.

• Operating cash flow was -€3.8m in Q3 and -€8.7m for 9M, as working capital increased to support higher volumes and deliveries.

Outlook and guidance

• FY 2026 guidance remains unchanged at revenue of €65–75m and comparable EBIT margin of 14–18%.

• Q4 is seasonally significant; focus is converting the strong backlog into revenue through careful operations, delivery planning and protection of delivery capacity.

• Guidance is supported by the order book, rising deliveries, Defense customer activity and recurring orders from Safety & Security and Industry customers.