Solwers (SOLWERS) Q3 2025 earnings summary

Executive summary

• Revenue grew 5.5% year-over-year in Q3 2025, reaching €17.6 million, with profitability at its highest level for the year.

• EBITA margin was 6.8% in Q3 2025, close to the previous year's level, and fixed cost savings of €300,000 were achieved.

• Order backlog and billing rate remained higher than last year, with increasing requests for quotations.

• No acquisitions were made in Q3, but several high-profile projects are ongoing in both Finland and Sweden.

• CEO transition announced, with Johan Ehrnrooth taking over on November 24, 2025.

Financial highlights

• Q3 2025 revenue: €17.6 million (up 5.5% year-over-year).

• Q3 2025 EBITA: €1.19 million (margin 6.8%), EBIT: €0.33 million (margin 1.9%).

• EBITDA for Q3 2025: €1.42 million (margin 8.1%).

• 9M 2025 revenue: €59.9 million (up 5.9% year-over-year).

• Average headcount in Q3 2025: 687, with 692 at period end.

Outlook and guidance

• Outlook for 2025 remains unchanged; market uncertainty limits future visibility.

• Anticipated market recovery expected to strengthen towards the end of 2025.

• Focus remains on growth through acquisitions, organic growth, profitability, and cost control.