HANZA

Third quarter 2025

• Net sales increased by 27% to SEK 1,404 million (1,107).
  Adjusted for currency and acquisitions, sales increased by 2%.
• Adjusted operating profit amounted to SEK 96 million (74), corresponding to an adjusted operating margin of 6.9% (6.7). Operating profit amounted to SEK 124 million (82), corresponding to an operating margin of 8.8% (7.4).
  For comparable units, the adjusted operating margin amounted to 8.0% (6.7).
• Adjusted earnings per share after dilution amounted to SEK 1.24 (0.77).
  Earnings per share after dilution amounted to SEK 1.69 (0.90).
• Cash flow from operating activities amounted to SEK 61 million (114).

Nine-month period 2025

• Net sales increased by 19% to SEK 4,246 million (3,581).
  Adjusted for currency and acquisitions, sales changed by 1%.
• Adjusted operating profit amounted to SEK 299 million (211), corresponding to an adjusted operating margin of 7.1% (5.9). Operating profit amounted to SEK 316 million (199), corresponding to an operating margin of 7.5% (5.6).
  For comparable units, the adjusted operating margin amounted to 7.7% (5.9).
• Adjusted earnings per share after dilution amounted to SEK 3.46 (2.02).
  Earnings per share after dilution amounted to SEK 3.73 (1.83).
• Cash flow from operating activities amounted to SEK 292 million (280).

 
CEO Erik Stenfors comments on the report:
 
“With the acquisition of BMK, we are completing our three-year strategy ‘HANZA 2025’ and establishing ourselves as Europe’s largest listed contract manufacturer. During this period, we have developed five well-balanced manufacturing clusters and created a stable SEK 10 billion company, far exceeding our original target. At the same time, the LYNX program strengthens our position in Europe's defense industry, a sector with rapidly growing demand."

“It is gratifying to see how profitability continues to improve sequentially. For comparable units, the operating margin increased to 8.0 percent in the third quarter, and we estimate that we will reach our target of 8 percent for the full year. Order intake is very good, and organic growth is expected to increase from the fourth quarter onwards.”