Absolent Air Care Group (ABSO) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 2025 were SEK 301.3 million, a decrease of 9.0% year-over-year, mainly due to currency effects; in local currencies, the decline was 3.4%.

• EBITDA margin improved sequentially to 16.0% in Q3, up from 14.2% in the first half, despite lower sales.

• Commercial Kitchen segment showed strong growth and margin improvement, while Industrial faced continued weakness, especially in EMEA and Americas.

• Cash flow from operating activities increased to SEK 37.2 million in Q3, and net debt reached a historically low level.

• New CEO Peter Unelind appointed, effective November 18, 2025.

Financial highlights

• Q3 2025 net sales: SEK 301.3 million (down 9.0% year-over-year); EBITDA: SEK 48.2 million (margin 16.0%); EBIT: SEK 34.5 million (margin 11.4%).

• Earnings per share for Q3: SEK 1.76 (Q3 2024: SEK 1.74).

• Cash flow from operating activities in Q3: SEK 37.2 million (Q3 2024: SEK 28.0 million).

• For Jan–Sep 2025: net sales SEK 928.5 million (down 12.1% year-over-year); EBITDA SEK 137.6 million (margin 14.8%); EBIT SEK 97.2 million (margin 10.5%).

• Earnings per share for Jan–Sep: SEK 4.61 (Jan–Sep 2024: SEK 9.70).

Outlook and guidance

• Cautious outlook for coming quarters due to ongoing market uncertainty and delayed customer investment decisions.

• Long-term view remains positive, supported by new product launches and strengthened competitiveness.