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Sweden's Netel Q3 net sales rise on infraservices, power segment

By Reuters News


Overview

  • Sweden infrastructure services firm's Q3 net sales rose 4.5% yr/yr, led by Infraservices and Power

  • Adjusted EBITA for Q3 improved to SEK 20 mln, reflecting higher sales and savings measures

  • Company's merger with Infrea approved; SEK 140 mln rights issue was oversubscribed


Outlook

  • Netel expects no group growth for full-year 2026 due to rapid changes in Norway telecom

  • Company maintains expectation for margin improvement in 2026, supported by savings and market conditions

  • Netel expects significant cost synergies from the Infrea merger, boosting efficiency and sales potential


Result Drivers

  • INFRASTRUCTURE AND POWER - Higher project volumes and strong performance in Infraservices and Power drove sales and earnings, per CEO Jeanette Reuterskiöld

  • SAVINGS PROGRAMMES - Savings measures introduced in 2025 supported improved adjusted EBITA margin across divisions

  • TELECOM MARKET TRANSITION - Rapid changes in Norwegian telecom market led to lower volumes and increased competition, negatively impacting sales


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Sales

SEK 682 mln

Q3 Adjusted EBITA

SEK 20 mln


Analyst Coverage

  • The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 6 three months ago


Reuters Recommended Reads

  • Oct 27 - Poland's Budimex posts 7% rise in third-quarter profit on high contract throughput

  • Oct 28 - Netherlands' Arcadis Q3 net revenue up on energy segment growth

  • Oct 27 - India's L&T posts 33% quarterly profit rise on healthy order inflow


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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