Scandbook (SBOK) Q4 2025 earnings summary

Executive summary

• Achieved strong year-end with significant strategic and operational progress, highlighted by the acquisition of Nørhaven in October, which positively impacted revenue and earnings.

• Sales growth, efficient production management, cost control, and technology investments drove profitability improvements.

Financial highlights

• Q4 2025 net sales rose 32% year-over-year to 150.0 MSEK; full-year net sales up 17.4% to 489.3 MSEK.

• Q4 EBITDA increased to 29.6 MSEK (16.7 MSEK); full-year EBITDA reached 67.7 MSEK (49.7 MSEK).

• Q4 EBIT was 22.9 MSEK (11.0 MSEK); full-year EBIT 45.1 MSEK (28.2 MSEK).

• Net income for Q4 was 22.4 MSEK (9.3 MSEK); full-year net income 40.7 MSEK (23.2 MSEK).

• EPS for Q4 was 3.32 SEK (1.37 SEK); full-year EPS 6.03 SEK (3.44 SEK).

• Negative goodwill of 7.3 MSEK recognized as other income.

Outlook and guidance

• Entering 2026 with a positive outlook, while monitoring inflation, energy prices, and graphic paper costs as ongoing uncertainties.

• Board proposes a dividend of 2.75 SEK per share, unchanged from prior year.