Trelleborg (TREL) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 8% to SEK 9,232 million, with 6% organic growth; adjusted EBITA increased 16% to SEK 1,781 million and margin reached a record 19.3%.

• Adjusted EPS rose 23% to SEK 5.15; operating cash flow increased 6% to SEK 1,845 million.

• Prioritized markets, including aerospace and semiconductors, supported profitability; management described demand and the Q4 order book as strong.

Financial highlights

• Q3 EBITA including SEK 67 million of restructuring charges was SEK 1,714 million; reported EBIT rose 18% to SEK 1,567 million and net profit rose 22% to SEK 1,094 million.

• Reported EPS was SEK 4.92 versus SEK 3.94; adjusted EPS was SEK 5.15 versus SEK 4.20.

• 9M net sales rose 4% to SEK 26,999 million; adjusted EBITA increased 8% to SEK 5,128 million, with a 19.0% margin.

• 9M net profit rose 14% to SEK 3,154 million; adjusted EPS rose 15% to SEK 14.72.

Outlook and guidance

• Q4 demand expected to be on par with or slightly higher than Q3, adjusted for seasonality; Q4 organic sales growth expected at a minimum 6%, with potential for more.

• Stronger Q4 order book and infrastructure and marine project deliveries support the outlook; Industrial Solutions margin could rise on project deliveries, subject to timing and customer acceptance.

• Sealing Solutions expected to sustain healthy performance; Medical Solutions expected to remain near current levels.

• FY 2026 guidance: CapEx SEK 1,450 million, restructuring costs SEK 550 million, intangible amortization SEK 650 million and underlying tax rate 25%.