Sdiptech (SDIP) Q3 2026 earnings summary

Executive summary

• Q3 net sales were SEK 1,309m, up 4% reported; core-business sales grew 19%, including 13% organic growth. Adjusted EBITA was SEK 261m, up 8% reported and 11% on a core-business basis.

• All four business areas delivered organic sales and adjusted EBITA growth, supported by stable market drivers.

• The portfolio comprised 35 companies after two Q3 acquisitions; planned divestments were complete by the balance-sheet date.

Financial highlights

• Adjusted EBITA was SEK 261m; organic adjusted EBITA growth was 6% on a core-business basis. The adjusted EBITA margin was 20.0%.

• Q3 EBIT was SEK 237m versus SEK -293m; profit after tax was SEK 113m versus SEK -419m, with prior-year results including a SEK 500m impairment.

• LTM free cash flow per share was SEK 12.69 versus SEK 14.63; adjusted EPS LTM was SEK 11.86 versus SEK 8.90, supported by Q4 2025 divestment earnings.

Outlook and guidance

• Financial targets include adjusted EBITA growth above 15%, ROCE above 15% and leverage below 3.0x; the roadmap targets full potential from 2027 and target achievement by 2030.

• Priorities include profitable organic growth, working-capital release, value-creating acquisitions and improved returns on capital; management expects sustained demand and views 2026 margins as representative of sustainable profitability.

• Supply Chain & Transportation margins are expected to remain affected in Q4 by Mecno costs and Hilltip's truck-inclusive orders, with improvement targeted next year.

• Q4 cash flow is expected to strengthen seasonally; the LTM cash conversion ambition remains ~80%, versus 81% currently.