Prevas (PREV) Q3 2025 earnings summary

Executive summary

• Q3 2025 saw moderate growth with net sales of SEK 355.2 million, up 1% year-over-year, and EBITA up 13% to SEK 30.0 million, with margin rising to 8.4% from 7.5% last year.

• EPS rose 79% to SEK 1.34, and EBIT improved 46% to SEK 26.1 million.

• Operating cash flow turned positive at SEK 21.3 million versus negative SEK 6.7 million last year.

• Profitability improved through targeted sales focus, cost awareness, and workforce optimization, especially in Finland.

• Actions to adapt to market conditions and focus on sales have driven improved profitability.

Financial highlights

• Net sales for Q1–Q3 2025 grew 3.5% to SEK 1,194.7 million, with a 7.2% EBITDA margin.

• EBITA for Q1–Q3 was SEK 86.3 million, EBIT SEK 74.7 million, and EPS SEK 3.82.

• Operating activities generated SEK 28 million more cash than last year, aided by improved working capital.

• Cash at quarter end was SEK 7.1 million; net debt/EBITDA at 1.06x; equity ratio at 50%.

• Cash flow from investment and financing activities decreased significantly due to acquisitions and lower loan activity.

Outlook and guidance

• No formal forecasts provided, but management is positive about ongoing improvements, especially in Finland, and confident for Q4 2025 and 2026.

• Market remains stable but dynamic, with no major upturn or downturn expected in the near term.

• Continued focus on operational efficiency, profitable growth, innovation, and agility to adapt to market changes.

• Strategic initiatives in EAM and AI expected to drive future growth and recurring revenue.