Svedbergs Group (SVED) Q3 2026 earnings summary

Executive summary

• Q3 net sales were SEK 615.9m, up 16.5%; acquisition growth was 17.1%, organic growth -1.5% and FX impact +0.9%.

• UBC integration was largely completed; focus shifts to developing the business and restoring the 15% EBITA margin target.

Financial highlights

• Q3 gross margin was 47.1% vs 48.5%; adjusted EBITA was SEK 82.7m vs SEK 79.7m, with margin at 13.4% vs 15.1%.

• Q3 EBIT was SEK 68.0m vs SEK 76.1m; net income was SEK 40.3m vs SEK 48.7m and EPS was SEK 0.76 vs SEK 0.92.

• 9M net sales rose 5.7% to SEK 1,791.4m; adjusted EBITA was SEK 256.4m vs SEK 256.6m, with margin at 14.3% vs 15.1%.

• 9M EBIT was SEK 225.9m vs SEK 245.9m; net income was SEK 142.2m vs SEK 152.3m and EPS was SEK 2.67 vs SEK 2.87.

Outlook and guidance

• Dalstorp efficiency program targets a SEK 25m annual earnings benefit, with full effect from Q2 2027; Q3 included SEK 9.5m in restructuring costs.

• UK logistics costs are expected to normalize as the new distribution solution is implemented in Q1 2027, improving efficiency, service and capacity.

• Market signals are cautiously positive but uncertainty continues; priorities include sales, product development, UBC integration and operational improvements for profitable growth.

• Discussions with potential complementary acquisitions are continuing.