Q3 2025 net sales were SEK 1,883 million, with 2% organic growth and adjusted EBITA of SEK 146 million (7.7% margin); Data Center and Harsh Environment segments generated over half of group profit, while Fiber Solutions faced significant declines and one-off costs from a performance improvement program.
Strong operating cash flow of SEK 154 million and 117% cash conversion reduced net debt to SEK 1.7 billion, with a leverage ratio of 2.0x.
Profit for the quarter was SEK -123 million, impacted by SEK 202 million in one-off items related to Fiber Solutions restructuring.
Data Center and Harsh Environment segments showed robust growth and profitability, while Fiber Solutions continued to face market headwinds.
Performance improvement program in Fiber Solutions aims for SEK 110–122 million in annual cost savings, with full effect by Q1 2026 and closure of a duct factory in the Netherlands.
Net sales declined 3% year-over-year to SEK 1,883 million, with 2% organic growth; adjusted EBITA margin dropped to 7.7% from 11.8% last year.
Adjusted gross margin was 37.5%, down from 43.1% last year, mainly due to price pressure and lower capacity utilization.
SEK 202 million in non-recurring costs were recognized, mainly for the Fiber Solutions performance program.
Net income was SEK -123 million, with EPS after dilution at SEK -0.59.
Operating cash flow reached SEK 154 million, with total liquidity at SEK 1,717 million.
Fiber Solutions market expected to remain stable but subdued in Q4 and Q1, with cost improvement program on track for full run rate by end of Q1 2026.
Data Center Solutions expected to continue strong growth, though Q4 is seasonally slower.
Harsh Environment Solutions anticipated to see stable, gradual margin improvement and improved efficiency.
M&A remains a focus, especially in Data Center and Harsh Environment, with ambitions to close deals this year.
Order book at quarter-end covers approximately 2.5 months of sales.
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