Sustainion (SUSG) Q3 2025 earnings summary

Executive summary

• Achieved record organic growth of 31.8% in Q3 2025, surpassing long-term targets; total revenue growth reached 248.9% year-over-year, mainly due to acquisitions.

• Q3 net sales were 127,151 TSEK (36,446), with EBITDA at 15,499 TSEK (12.2% margin) and EBIT at 11,702 TSEK.

• Nine-month net sales totaled 362,810 TSEK (118,281), up 206.7% year-over-year, with 26.5% organic growth.

• Major acquisition: Karlsborgs Plåtproduktion AB (KPP) in September, expected to generate synergies and expand capabilities.

Financial highlights

• Q3 EBITDA margin was 12.2% (16.3% last year), supported by a 2,723 TSEK gain from revaluation of contingent consideration.

• EBIT margin for Q3 was 9.2% (6.0%), and for the nine months 6.8% (5.0%).

• Net income for Q3 was 7,690 TSEK (1,041), EPS 0.04 SEK (0.01); nine-month net income 13,695 TSEK (2,795), EPS 0.07 SEK (0.02).

• Operating cash flow for nine months was 16,652 TSEK (6,646), with cash and equivalents at 21,836 TSEK at period end.

Outlook and guidance

• No formal forecasts provided; management remains optimistic about continued growth and further acquisitions.

• Long-term financial targets: 10–25% annual organic sales growth, 12% EBITDA margin, net debt/EBITDA below 3.0x.