Third quarter (1 Jul-30 Sep 2026)
- Net sales increased by 3 percent to MSEK 3,397 (3,297). Currency-adjusted sales increased by 2 percent compared with the preceding year.
- Operating profit before depreciation and amortisation (EBITDA) excluding non-recurring items of MSEK -42 (-22) amounted to MSEK 376 (369) 2).
- Operating profit before amortisation of acquisition-related intangible assets (EBITA) excluding non-recurring items of MSEK -242 (-22) amounted to MSEK 266 (258) 2).
- Operating profit amounted to MSEK 6 (220) and the operating margin was 0.2 percent (6.7). Operating profit was charged with non-recurring items of MSEK -242 (-22). 2)
- Profit after financial items totalled MSEK -56 (167). Profit was charged with non-recurring items of MSEK -242 (-22). 2)
- Profit after tax amounted to MSEK -68 (99). 2)
- Earnings per share before and after dilution totalled SEK -0.29 (0.36). 2)
- Cash flow from operating activities amounted to MSEK -168 (-9).
Reporting period (1 Jan-30 Sep 2026)
- Net sales increased by 2 percent to MSEK 9,520 (9,358). Currency-adjusted sales increased by 3 percent compared with the preceding year, of which organic growth amounted to -2 percent. The acquisition of HMY had an impact of +5 percent.
- Operating profit before depreciation and amortisation (EBITDA) excluding non-recurring items of MSEK -73 (-116) amounted to MSEK 938 (953) 2).
- Operating profit before amortisation of acquisition-related intangible assets (EBITA) excluding non-recurring items of MSEK -273 (-116) amounted to MSEK 610 (625) 2).
- Operating profit amounted to MSEK 286 (466) and the operating margin was 3.0 percent (5.0). Operating profit was charged with non-recurring items of MSEK -273 (-116). 2)
- Profit after financial items totalled MSEK 126 (288). Profit was charged with non-recurring items of MSEK -273 (-119). 2)
- Profit after tax amounted to MSEK 63 (161). 2)
- Earnings per share before and after dilution totalled SEK 0.18 (0.56). 2)
- Cash flow from operating activities amounted to MSEK -66 (-36).
- The equity/assets ratio at the end of the period was 34 percent (33).
- Net debt excluding lease liabilities amounted to MSEK 2,777 (3,070).
Combined financial information for the ITAB Group (pro forma) 3)
Due to the acquisition of HMY, which was completed on 31 January 2025, selected profit items per quarter and for full-year 2025 are also presented on a pro forma basis to illustrate the financial effects of the acquisition. Refer to Note 8 in the Interim Report for more information.
Reporting period | |||
Outcome | Pro forma | ||
| Jan-Sep | Jan-Sep |
|
Net sales | 9,520 | 9,847 | -3% |
Gross profit excl. non-recurring items 2) | 2,352 | 2,412 | -2% |
Gross margin, % | 24.7 | 24.5 | |
EBITA excl. non-recurring items 2) | 610 | 637 | -4% |
EBITA margin, % | 6.4 | 6.5 | |
1) HMY is consolidated in the ITAB Group as of 1 February 2025 and is therefore included for 11 months (February-December) of the 2025 financial year.
2) EBITA, operating profit and profit after financial items for the third quarter of 2026 were charged with non-recurring items of MSEK -242 and EBITDA with MSEK -42. For more information, refer to Note 9 in the Interim Report. Non-recurring items pertain primarily to integration and restructuring costs as well as acquisition costs in conjunction with the acquisition of HMY, and a provision for future obligations and impairment of intangible assets following the discontinued implementation of a new ERP system (MSEK -222).
3) Combined financial information for the ITAB Group (pro forma summary) per quarter and for full-year 2025 including HMY as of 1 January 2025. For more information, refer to Note 8 in the Interim Report.
Events during the reporting period
- Björn Borgman took over as the new President & CEO of the ITAB Group on 1 May 2026. Glauco Frascaroli served as interim President & CEO from 7 January to 30 April 2026.
- ITAB Group participated in the world's leading retail trade fair EuroShop in Düsseldorf in February, where ITAB and HMY - for the first time together - presented their joint expertise and solutions for creating attractive and efficient store experiences.
- At the end of April, the ITAB Group entered into a framework agreement with one of the leading grocery chains in UK for the delivery and installation of shop fittings across their stores. The total value of the products and services is estimated at MEUR 12 for the coming three years.
- In accordance with a resolution adopted at the Annual General Meeting, the Parent Company changed its name to ITAB Group AB (publ) on 25 May 2026. The purpose is to clearly highlight that the ITAB Group is an international group consisting of several strong brands, such as ITAB, HMY, Checkmark, Imola Retail Solutions (IRS), Blink, and others.
- In mid-June, the ITAB Group was awarded a framework agreement with a leading grocery chain for a rollout of entrance and exit gate systems, checkout gates and customer flow management solutions at more than 400 stores across multiple European countries. The agreement runs for an initial term of 12 months and the total value of products, services and installations is estimated at approximately MEUR 8.
- At the end of August, the ITAB Group entered into a new and expanded framework agreement with REMA 1000, a leading grocery retail chain in the Nordic region, for a large-scale rollout of store interiors and loss prevention solutions, as well as shopping trolleys and baskets in their 650 stores in Norway. The agreement runs for 42 months and the total value of products, services and installations is estimated at approximately MNOK 320.
- In September, ITAB decided to discontinue the ongoing project to implement a new enterprise resource planning system ("ERP") for the Group. As a result of the decision, previously capitalised assets related to the project will be impaired and a provision for future obligations will be made, resulting in an earnings impact totalling approximately MSEK 250, of which approximately MSEK 222 has been charged to operating profit as a non-recurring item during the third quarter of 2026.
President's comments -
Strong earnings performance in the third quarter
"In summary, the ITAB Group reported strong earnings performance for the third quarter. Currency-adjusted sales increased by 2 percent compared with the preceding year, and the Group's EBITA excluding non-recurring items increased by 3 percent to MSEK 266 (258). Our efforts to realise synergies are proceeding according to plan and are having a positive impact on underlying profitability. We are also continuing our work on enhancing and better balancing capacity utilisation in our production facilities, and we began the coordination of our facilities in the UK and Türkiye in the third quarter. The aim is to create a more flexible cost structure to better manage project-driven volume fluctuations over time," concludes President & CEO Björn Borgman.
Please read the full President's comments in the Interim Report.
Jönköping, 3 November 2026
ITAB Group AB (publ)
Webcast presentation on 3 November 2026 at 10:30 a.m. CET
ITAB arranges a webcast presentation today, 3 November 2026 at 10:30 a.m. CET, in which Björn Borgman, President & CEO, and Andreas Helmersson, CFO, will present the Interim Report for the third quarter 2026 and answer any subsequent questions.
To participate via webcast - please use the weblink below. Via the webcast you are able to ask questions in writing.
https://itab-group.events.inderes.com/q3-report-2026
To participate in the teleconference, please register via the weblink below. After registration you will be provided phone numbers and a conference ID to access the conference call. You can ask questions verbally via the teleconference.
https://events.inderes.com/itab-group/q3-report-2026/dial-in
The information in this report is such that ITAB Group AB (publ) 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 below, at 7:00 a.m. CET on 3 November 2026.
This report is in all respects a translation of the Swedish original Interim Report. In the event of any discrepancies between this translation and the Swedish original, the latter shall prevail.
For further information, please contact:
Andreas Helmersson, Chief Financial Officer
Telephone: +46-70 929 32 26
Mats Karlqvist, Head of Investor Relations
Telephone: +46-70 660 31 32
ITAB Group AB (publ), Box 9054, SE-550 09 Jönköping, Sweden
itabgroup.com, itab.com
Together with our customers, we co-create retail experiences that connect people with brands they love by sharing our collective experience, commercial insights, solutions, services and design thinking, driven by strong local hearts and global minds, underpinned by the ITAB Group brands. Our complete offer includes consultative design services, custom-made interiors, solutions for self-service and traditional checkouts, smart gates and guidance solutions, professional lighting and sound systems, and interactive digital solutions for the physical store. The ITAB Group has annual sales of approximately SEK 13 billion and approximately 5,300 employees. The ITAB share is listed on Nasdaq Stockholm.
