Novedo grew 10.9 per cent to 778 MSEK (702) in the third quarter, of which 4.7 per cent was organic. EBITA rose to 81 MSEK (70) and the margin to 10.5 per cent (10.0). At the same time, CEO Per-Johan Dahlgren is leaving the company.
Net sales
+10.9% vs Q3 2025
Organic growth
−7.4% in Q3 2025
EBITA margin
10.0% in Q3 2025
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Net sales | 778 | 702 | +10.9% |
| EBITA | 81 | 70 | +15.7% |
| EBIT | 66 | 55 | +20.0% |
| Profit for the period | −20 | −41 | +21 |
| Op. cash flow | −9 | 45 | −54 |
The segments
Installation & Services increased revenue to 368 MSEK (329) and EBITA to 37 MSEK (27). Infrastructure grew to 311 MSEK (267), but EBITA fell to 34 MSEK (40). Industry had revenue of 102 MSEK (107) against a strong third quarter last year. According to the CEO, the number of requests for quotation increased in all segments.
Cash flow and financing
Cash flow from operating activities was −9 MSEK (45), partly because a larger share of the work was invoiced in arrears. Leverage under the bond terms was just under 4.5 times, against the target of below 3.5. The 1,600 MSEK bond loan matures in September 2027. Novedo is in discussions about refinancing and is in parallel preparing a possible stock exchange listing.
The year to date and the change of CEO
After nine months, revenue has increased 10.8 per cent to 2,336 MSEK, while EBITA has decreased to 152 MSEK (162), weighed down by winter effects and project write-downs. Per-Johan Dahlgren is leaving after almost six years as CEO and will remain until a successor is in place, at the latest until 21 April 2027. The year-end report will be published on 18 February 2027.
Source: Novedo Holding AB (publ), interim report January–September 2026. The figures refer to the group. Comparative figures in brackets refer to the third quarter of 2025.
Novedo is traded on Eqvor Explore Novedo
