Teqnion (TEQ) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 8% YoY to MSEK 492.2, while organic sales fell 3%; EBITA increased 8% to MSEK 73.2 and the margin held at 14.9%.

• Priorities are shifting toward organic growth and working-capital efficiency alongside continued acquisitions; management expects organic growth without giving a timeline or target.

• Three businesses were acquired in September: Abercromby Vending, TJ Hydraulic and Unique Door Panels.

Financial highlights

• Q3 sales were MSEK 492.2 vs 455.6 YoY; YTD sales rose 11% to MSEK 1,484.4, with organic growth of -3%.

• Q3 EBITA was MSEK 73.2 vs 67.8; profit after tax was MSEK 39.0 vs -22.5, with Q3 2025 including a MSEK 73 goodwill impairment.

• Q3 FCF excluding acquisitions increased 28% to MSEK 76.3; YTD FCF on the same basis was MSEK 131.1 vs 82.8.

• Acquisitions made in 2026 would have contributed MSEK 45 EBITA over 9M if owned from Jan. 1; annualized, this equates to MSEK 60 before related interest costs.

Outlook and guidance

• Improved margins and completed turnarounds are intended to support profitable growth in the existing portfolio while acquisitions continue; no specific organic-growth timeline or annual forecast was given.

• Working capital has gained priority as focus broadens beyond profitability; no quantified free-cash-flow contribution was provided.

• Acquisition pace may be moderated if management resources or integration capacity become constrained; investment in salespeople is being considered for selected subsidiaries.