Lyckegård Group (LYGRD) Q3 2025 earnings summary

Executive summary

• Achieved strong growth and improved profitability, with a robust order book and strengthened financial position for the period January–September 2025.

• Organic growth of 15% driven by increased sales of irrigation equipment and pumps across all customer segments.

• Major customer groups (golf, football, agriculture) experienced favorable conditions, supporting demand.

Financial highlights

• Net sales for July–September 2025 were 44,999 TSEK, up 50% year-over-year; EBITA was 1,849 TSEK (4% margin).

• Net sales for January–September 2025 reached 165,753 TSEK, up 15% year-over-year; EBITA was 17,549 TSEK (11% margin).

• EBIT improved to 8,293 TSEK from -10,012 TSEK year-over-year; profit before tax was 6,333 TSEK versus -52,343 TSEK.

• Cash flow from operations for January–September was -7,373 TSEK, impacted by loan repayments and earn-out payments.

• Total cash flow for January–September was 1,837 TSEK, supported by a 15,000 TSEK share issue.

Outlook and guidance

• Order book stands at 57.7 MSEK, up 60% year-over-year, with several large projects scheduled for winter and spring.

• Continued focus on cost control and balance sheet strengthening positions the group for further growth.

• Expansion into Norway initiated, aiming for long-term profitable growth.