XANO Industri (XANO) Q3 2026 earnings summary

Executive summary

• Weak demand continued in Q3: revenue fell 9% YoY, while adjusted operating profit was SEK 24m versus SEK 69m; the prior-year reported result included a SEK 41m property divestment gain.

• For 9M, revenue declined 4% and adjusted operating profit fell to SEK 159m from SEK 229m; management retained capacity for future growth and prioritised margin measures.

Financial highlights

• Q3 net revenue was SEK 715m (785), operating profit SEK 24m (110), net profit SEK 12m (75) and EPS SEK 0.21 (1.26).

• Q3 adjusted operating margin was 3.4% (8.8%) and adjusted profit margin 2.3% (6.4%); adjusted operating profit and adjusted profit before tax were SEK 24m and SEK 16m, respectively.

• 9M net revenue was SEK 2,455m (2,558), operating profit SEK 157m (270), adjusted operating profit SEK 159m (229), net profit SEK 94m (168) and EPS SEK 1.59 (2.83).

• 9M operating cash flow was SEK 66m (309), reflecting lower earnings and increased capital tied up in project operations; Q3 operating cash flow was SEK 92m (161).

Outlook and guidance

• Near-term business conditions are expected to remain broadly unchanged; weak food-industry demand is a current headwind.

• Growth opportunities include defence and further service-portfolio development; automotive offering restructuring is expected to improve profitability gradually, with new-customer wins and a substantial quote pipeline.

• Margin-enhancing actions remain a priority alongside strategic initiatives; the updated long-term EBIT margin target is 12%.