Wästbygg Gruppen (WBGR) Q3 2025 earnings summary

Executive summary

• Revenue for Jan–Sep 2025 was SEK 3,093 million, down from SEK 3,303 million year-over-year, with operating profit at SEK -149 million (vs. -125 million).

• Profit after tax was SEK -442 million (vs. -114 million), and earnings per share were SEK -9.67 (vs. -3.53).

• Order intake nearly doubled to SEK 3,048 million (vs. 1,631 million), with a strong Q3 intake of SEK 1,300 million.

• The group implemented structural changes, focusing on profitability and cost control, and divested most project development operations.

• A new CEO, Patrik Mellgren, was appointed in September 2025.

Financial highlights

• Gross profit for Jan–Sep 2025 was SEK 184 million (vs. 138 million), but operating profit was impacted by one-off costs of about SEK 200 million.

• Cash flow from operating activities was SEK -50 million (vs. 384 million), with interest-bearing net debt at SEK -73 million (vs. 266 million net cash).

• Equity ratio remained strong at 32% (vs. 31%).

• IFRS figures: Revenue SEK 3,073 million (vs. 3,400 million), operating profit SEK -326 million (vs. -94 million), profit after tax SEK -418 million (vs. -99 million), EPS SEK -9.13 (vs. -3.06).

• Cash and cash equivalents at period end were SEK 209 million (vs. 717 million), with available liquidity of SEK 284 million.

Outlook and guidance

• The company expects improved profitability as new projects from the strong order intake move into production.

• Structural changes and a focus on efficiency are expected to yield a more resilient business and lay the foundation for a strong 2026.

• The market remains cautious due to geopolitical and macroeconomic uncertainties, but the company is well-positioned for recovery.