Vimab Group (VIMAB) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue was MSEK 95.2, up 2.3% YoY; EBITDA was MSEK 3.2, operating loss MSEK 2.1 and net loss MSEK 4.8.

• 9M revenue rose 11.7% to MSEK 253.5; net loss narrowed to MSEK 29.8 from MSEK 47.1, including a MSEK 5.1 gain on the Steambox disposal.

• Management reported stronger order intake across operations, especially in VIM Energy Systems, and expects a faster overall growth rate.

Financial highlights

• Q3 gross margin fell to 59.9% from 66.0% YoY; higher product sales relative to services affected the mix.

• Q3 personnel costs declined to MSEK 36.8 from MSEK 40.6, with period-end employees down to 171 from 193.

• 9M EBITDA was a loss of MSEK 1.3; excluding the Steambox disposal gain, the loss was MSEK 6.3, versus MSEK 10.0 in 9M 2025.

• 9M operating loss was MSEK 17.8; excluding the disposal gain, it was MSEK 22.8, versus MSEK 29.2 a year earlier.

Outlook and guidance

• Three Q3 battery-park orders had a combined value of approximately MSEK 240; most related revenue and profit are expected to be recognized in 2027.

• Management expects further strong growth at VIM Energy Systems, supported by increased order intake and a rapidly expanding market.

• The board expects financing to be sufficient for the next 12 months based on forecasts, cost adjustments and ongoing financing activities; funding needs are not guaranteed to be met.