The positive development in the companies continues, and the pace of acquisitions is increasing

The positive development across AddLife’s companies continues, with stronger margins, solid growth and improved cash flow. The operational improvements and strengthened balance sheet have enabled increased acquisition activity, something we have been preparing for a long time.
Fredrik Dalborg, President and CEO

THIRD QUARTER

Net sales increased by 7 percent to SEK 2,599 million (2,429). Adjusted for operations divested in December 2025, organic growth amounted to 4 percent and acquired growth amounted to 3 percent.
Adjusted EBITA increased by 11 percent to 298 (270), corresponding to an adjusted EBITA margin of 11.5 percent (11.1). Adjusted EBITA excludes the remeasurement of contingent considerations of SEK 32 million.
EBITA amounted to SEK 330 million (270).
Profit after tax increased by 56 percent to SEK 128 million (82).
Earnings per share amounted to SEK 1.05 (0.66).
Cash flow from operating activities increased by 62 percent to SEK 236 million (145).
During the quarter, the acquisition of Unicam Sistemas Analíticos Lda, Portugal, was completed. The acquisition is expected to contribute annual net sales of approximately SEK 110 million.
After the end of the interim period, the acquisition of Lehnen GmbH, Germany, was completed. The acquisition is expected to contribute annual net sales of approximately SEK 55 million.

JANUARY – SEPTEMBER, 2026

Net sales increased by 3 percent to SEK 7,965 million (7,709). Adjusted for operations divested in December 2025, organic growth amounted to 4 percent, acquired growth amounted to 2 percent.
Adjusted EBITA increased by 6 percent to 972 (920), corresponding to an adjusted EBITA margin of 12.2 percent (11.9). Adjusted EBITA excludes the remeasurement of contingent considerations of SEK 32 million.
EBITA amounted to SEK 1,004 million (920).
Profit after tax increased by 28 percent to SEK 386 million (302).
Earnings per share amounted to SEK 3.15 (2.47). For the latest 12‑month period, earnings per share amounted to 5.28 (3.23).
Cash flow from operating activities amounted to SEK 505 million (504).
The equity ratio was 44 percent (43).
Return on working capital (P/WC) amounted to 63 percent (62).
Three acquisitions were completed during and one acquisition after the interim period. The acquisitions are expected to contribute annual net sales of approximately SEK 350 million.

	Q3	Q3	∆	Jan-Sep	Jan-Sep	∆	Oct 2025-	Full year
SEKm	2026	2025	%	2026	2025	%	Sep 2026	2025
Net sales	2,599	2,429	7	7,965	7,709	3	10,698	10,442
EBITA	330	270	22	1,004	920	9	1,501	1,417
EBITA margin, %	12.7	11.1		12.6	11.9		14.0	13.6
Adjusted EBITA	298	270	11	972	920	6	1,311	1,259
Adjusted EBITA margin, %	11.5	11.1		12.2	11.9		12.3	12.1
Profit/loss before taxes	179	111	61	551	429	28	894	772
Profit for the period	128	82	56	386	302	28	646	562
Earnings per share (EPS), before/after dilution, SEK	1.05	0.66	59	3.15	2.47	28	5.28	4.59
Cash flow from operating activities	236	145	62	505	504	0	1,393	1,392

4 %

ORGANIC GROWTH

11 %

EBITA GROWTH

11.5%

EBITA MARGIN

63%

P/WC