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Pamica Group (PAMICA) investor relations material
Pamica Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 saw net sales rise 9% to MSEK 1,309, with organic growth returning at 0.9% after a challenging start to the year due to tariffs, currency effects, and weak demand in some sectors.
Adjusted EBITA increased 9% to MSEK 146.2, maintaining an 11.2% margin, but profit was heavily impacted by a MSEK 201.1 impairment, resulting in a net loss of MSEK -148.7.
Operating cash flow improved to MSEK 132.6 in Q3, and liquidity remained strong with MSEK 290.6 in cash and unutilized credit facilities at quarter-end.
Portfolio companies showed mixed performance, with some facing continued demand challenges and others experiencing strong growth.
Strategic focus remains on efficiency, cost savings, cash flow improvements, and IPO preparations, with several acquisitions and divestments executed.
Financial highlights
Q3 net sales: MSEK 1,308.8 (+9% YoY); Jan–Sep net sales: MSEK 3,880.1 (+16% YoY).
Adjusted EBITA Q3: MSEK 146.2 (+9% YoY, margin 11.2%); Jan–Sep: MSEK 311.8 (+10% YoY, margin 8.0%).
Profit for Q3: MSEK -148.7, mainly due to impairment of acquisition-related surplus values.
Operating cash flow improved 11% year-over-year to nearly MSEK 133.
Net debt/adjusted EBITDA R12M: 3.57x at quarter-end, slightly up year-over-year but down from Q2.
Outlook and guidance
Q4 outlook is very positive, with expectations of further margin and leverage improvements and slightly positive organic profit.
IPO preparations are advanced, with readiness projects nearly complete and external reviews pending.
Focused on demonstrating profitable growth in 2026 through efficiency and structural measures.
Continued focus on organic growth, margin enhancement, and further portfolio optimization.
Revised expectations downward for 2025 financial key ratios due to ongoing restructuring.
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