Q3 2025
Continuing operations
- Net sales amounted to SEK 4,165m (4,596)
- Adjusted EBITA amounted to SEK 373m (286)
- The adjusted EBITA margin was 9.0% (6.2)
- Operating profit amounted to SEK 606m (-25)
- Operating profit was impacted by items affecting comparability of SEK +263m (-34)
- Profit for the period amounted to SEK 444m (-219)
Group total
- Adjusted diluted earnings per share amounted to SEK 0.43 (0.40)
- Diluted earnings per share amounted to SEK 1.20 (-0.45)
- Cash flow from operating activities amounted to SEK 868m (783)
- Adjusted leverage excluding finance leases was 1.6x (1.2x)
January-September 2025
Continuing operations
- Adjusted EBITA amounted to SEK 1,586m (1,434)
- Operating profit amounted to SEK 1,874m (1,064)
- Operating profit was impacted by items affecting comparability of SEK +380m (-34)
- Profit for the period amounted to SEK 1,234m (352)
Group total
- Adjusted diluted earnings per share amounted to SEK 2.45 (2.32)
- Diluted earnings per share amounted to SEK 11.70 (1.47)
- Cash flow from operating activities amounted to SEK 1,652m (2,042)
Significant events during the quarter
- On 25 July, an arbitration award was issued in a dispute involving Diab as one of the parties. As a result of the award and in line with Ratos's ongoing strategy, a decision was made to decrease the capacity in Diab's PET production and to impair certain assets directly linked to the dispute. Overall, this resulted in a positive outcome of SEK +300m for Diab.
"The quarter was characterised by generally subdued demand as a result of geopolitical uncertainty, trade policies, and the business cycle. For Ratos, this resulted in lower sales in the quarter. At the same time, we saw that the measures we have taken to improve cost control, operational efficiency and optimisation of our companies' production resources have yielded results. Both EBITA and the operating margin improved further during the quarter. Organic net sales decreased by just over 3%, primarily due to a decline in Construction & Services."
Jonas Wiström, President & CEO, Ratos
A presentation of the interim report will be held today at 09.00 a.m. CEST. The presentation will be held in English and will also be available as a webcast on Ratos website, www.ratos.com.
The presentation can be followed on Youtube via the following link;
https://youtube.com/live/Q4RmvZKK4vc?feature=share
Participants who wish to ask questions live are asked to pre-register, please send an e-mail to info@ratos.com in advance for a personal invitation.
Representatives of the media are welcome to contact Katarina Grönwall, VP Communications, for interview requests.
Stockholm 21 October 2025
Jonas Wiström
President & CEO
For further information, please visit www.ratos.com or contact:
Katarina Grönwall, VP Communications & Sustainability
+46 70 300 35 38
katarina.gronwall@ratos.com
Anna Vilogorac, CFO & IR
+46 70 616 50 19
anna.vilogorac@ratos.com
Jonas Wiström, President & CEO
+46 8 700 17 00
This information is information that Ratos is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-10-21 07:00 CEST.
About Ratos
Ratos is a Swedish publicly listed business group consisting of 14 companies across three business areas: Construction & Services, Industry and Consumer. The Group operates mainly in the Nordic region, with net sales of SEK 32 billion and an adjusted EBITA of SEK 2.3 billion in 2024, and with a total workforce of around 10,900 employees. Ratos is headquartered in Stockholm, Sweden.
We have a distinct corporate culture and strategy - everything we do is based on our core values: Simplicity, Speed in Execution and It's All About People. We enable independent subsidiaries to excel by being part of something larger.
