Image Systems (IS) Q3 2025 earnings summary

Executive summary

• Stable operations maintained despite weak markets, lower investment appetite, and longer business cycles, leading to declining order intake, especially in RemaSawco.

• Order backlog increased and gross margin improved, with cash flow from operating activities rising year-over-year.

• Continued investment in AI-driven product development and local sales/service to boost long-term competitiveness and recurring revenue.

Financial highlights

• Q3 order intake: MSEK 34.2 (47.1); net sales: MSEK 41.4 (56.6); gross margin: 71% (67%).

• Q3 EBITDA: MSEK 7.1 (17.3); earnings per share: SEK 0.01 (0.14).

• Jan–Sept order intake: MSEK 91.9 (140.5); net sales: MSEK 129.9 (139.1); gross margin: 68% (68%).

• Jan–Sept EBITDA: MSEK 12.6 (25.8); earnings per share: SEK -0.06 (0.14).

• Cash flow from operating activities Q3: MSEK 10.8 (3.2); Jan–Sept: MSEK 17.3 (24.7).

Outlook and guidance

• Market remains challenging with cautious customer investment and longer sales cycles.

• Strategic focus on recurring revenue, AI, and automation to drive future growth.

• Well-positioned to capitalize on improved market conditions when they arise.