Bokusgruppen (BOKUS) Q3 2025 earnings summary

Executive summary

• Revenue grew 6.0% year-over-year in Q3 2025, reaching 480.1 MSEK, with EBITA more than doubling to 35.9 MSEK and net profit at 13.6 MSEK.

• For Jan–Sep 2025, revenue increased 10.0% to 1,394.1 MSEK, EBITA rose to 40.7 MSEK, and net loss improved to -12.5 MSEK from -34.8 MSEK.

• Both store and digital book sales continued to grow, supported by the launch of a new e-commerce system and upgrades to flagship stores and loyalty programs.

• Strong cost control and margin improvements, especially from price optimization and a favorable channel mix, drove profitability.

Financial highlights

• Q3 gross margin increased to 46.5% (from 42.2%), and EBITA margin rose to 7.5% (from 3.9%).

• EBITA rose by 18.4 MSEK in Q3 year-over-year, and by 35.9 MSEK for the nine-month period.

• EPS before dilution was 0.84 SEK in Q3 (0.01 SEK last year); for Jan–Sep, EPS was -0.77 SEK (-2.16 SEK last year).

• Operating cash flow in Q3 was 44.3 MSEK, up slightly year-over-year.

• Result after tax improved by 13.4 MSEK in Q3 year-over-year.

Outlook and guidance

• Entering the critical Q4 with strong momentum, supported by robust R12 results and preparations for key sales events.

• Continued rollout of the new e-commerce system is anticipated to drive sales and cost efficiency.

• Management remains cautious due to geopolitical and economic uncertainties but expects continued profitable growth.

• Second part of the annual dividend, 1.80 SEK per share, to be paid on November 12.