Karnell interim report January – September 2025

MAR

Karnell continued to combine growth with improved profitability and delivered the Group’s highest margin and return on capital to date. With a strong balance sheet and increased M&A activities, we are well positioned for continued selective expansion.Petter Moldenius, CEO

Summary of the third quarter (July 1 – September 30, 2025)

  • Net sales increased by 22.3% to SEK 436.1 million (356.6), of which organic growth amounted to 3.7%.
  • EBITA increased by 26.4% and amounted to SEK 69.4 million (54.9), corresponding to a margin of 15.9% (15.4).
  • The quarter was affected by SEK 1.9 million (4.4) of acquisition costs.
  • Operating profit (EBIT) amounted to SEK 62.3 million (50.6), an increase of 23.2%.
  • Cash flow from operating activities amounted to SEK 46.4 million (45.5).
  • Earnings per share after dilution amounted to SEK 0.85 (0.53).
  • In July, the acquisition of the British company LundHalsey Ltd was completed.

Summary of the period (January 1 – September 30, 2025)

  • Net sales increased by 22.7% to SEK 1,226.5 million (999.4), of which organic growth amounted to 3.6%.
  • EBITA increased by 47.6% and amounted to SEK 170.7 million (115.6), corresponding to a margin of 13.9% (11.6).
  • The period was affected by SEK 5.0 million (8.4) of acquisition costs.
  • Operating profit (EBIT) amounted to SEK 152.8 million (105.0), an increase of 45.5%.
  • Cash flow from operating activities amounted to SEK 88.6 million (88.0).
  • Earnings per share after dilution amounted to SEK 1.89 (0.92).
  • During the period, three acquisitions were completed.

Presentation of the report
Karnell presents the interim report for the third quarter 2025 via webcast and telephone conference today, November 5, at 8:30 am CET. The report is presented by CEO Petter Moldenius and CFO Lars Neret. The presentation will be held in English and includes a Q&A session.

If you wish to participate via webcast, please use the link below. Via the webcast you are able to ask written questions.
https://karnell-group.events.inderes.com/q3-report-2025

If you wish to participate and ask questions via teleconference, please register on the link below. After registration you will be provided with a phone number and a conference ID to access the conference.
https://events.inderes.com/karnell-group/q3-report-2025/dial-in

Datum 2025-11-05, kl 07:00
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