Nordic Q3 2026 Earnings Tracker

This page tracks the Nordic third-quarter reporting season's notable results: large caps from the OMXS30, OBX, OMXC25, OMXH25 and OMXI15, plus smaller companies with results worth a closer look. It's updated frequently, with the most recent results first. Each company heading links to its earnings event on Nordic Financial News, with the initial release and coverage that followed grouped together.

What we've learned so far

• Strong results have not guaranteed a higher share price. ABB and Dynavox Group fell despite their growth, while Ericsson, which beat expectations, rose.
• Bank earnings are lower than a year ago, and Nordea and SEB have paused buybacks. Nordea's operating profit fell 4%, SEB's fell 3% and DNB's profit after tax fell 7.9%. Swedbank's net profit was 3% lower, and Handelsbanken's January–September operating profit was below the same period last year. CET1 ratios range from 15.8% at Nordea to 17.3% at DNB. Fee businesses are carrying more weight: DNB reported record fund subscriptions and Avanza's net inflow rose 61%.
• Guidance is more often narrowed or cut than raised. DSV and Tele2 tightened their ranges. Embla Medical lowered its sales growth guidance to the bottom of its earlier range, Terveystalo and Pihlajalinna both cut guidance on October 21, and Viking Line lowered its profit outlook on October 22. Nordea, Getinge, Elisa and Nokia kept theirs. Telia and Mycronic raised their 2026 outlooks, and Vår Energi raised its long-term production goal.
• Orders are strong in automation, electrification and mining. ABB's orders rose 40%, Metso's 28% and HMS Networks' 29%, and Sandvik's order intake rose 17% organically. Nokia's orders from AI and cloud customers rose 118%. Inwido, which makes windows and doors, reported a record backlog. Husqvarna went the other way: its sales fell 5% organically and it reported an operating loss.
• Costs are the recurring caveat. Ericsson expects component costs to weigh on gross margin next year. HMS Networks announced price increases from January 2027 to offset component costs and tariffs. Getinge's margin was flattered by tariff refunds and currency. Yara expects its gas costs to be USD 450 million higher than a year earlier in the fourth quarter.
• Capital returns continue outside Nordea and SEB. DSV announced a DKK 1.5 billion buyback, Storebrand plans a NOK 2 billion buyback for 2027, Vår Energi is distributing USD 400 million for the quarter, and Entra approved a buyback of up to NOK 200 million.

Week 43 (October 19–25)

Volvo Group (VOLV-B) · October 23

Volvo Group's third-quarter net sales rose 8% to SEK 119.5 billion, 7% organically. Adjusted operating income rose to SEK 14,693 million from SEK 11,707 million, a margin of 12.3% against 10.6% a year earlier. Operating cash flow in Industrial Operations was SEK 7,195 million, compared with an outflow of SEK 1,739 million. Placera and Affärsvärlden reported that profit was in line with expectations, and Placera that sales were below them.

Saab (SAAB-B) · October 23

Saab's order bookings more than tripled to SEK 65,825 million from SEK 20,861 million. The largest was a Gripen E order for Ukraine worth SEK 24.6 billion. Saab also booked a GlobalEye order worth SEK 10.1 billion and systems for German frigates worth SEK 8.7 billion. Sales rose to SEK 20,553 million, up 30.6% organically, and operating income rose 42% to SEK 1,945 million, a margin of 9.5%. Operational cash flow was SEK 6,785 million, up from SEK 142 million. EFN, Affärsvärlden and Placera reported that the results beat expectations.

Hexagon (HEXA-B) · October 23

Hexagon's organic growth was 13%, which Affärsvärlden and Dagens industri described as its strongest in five years. Operational net sales were EUR 1,049.1 million. Adjusted operating profit rose to EUR 278.3 million from EUR 264.7 million, while the margin fell to 26.5% from 27.1%. Recurring revenue grew 3% organically. EFN reported that profit beat expectations.

Evolution (EVO) · October 23

Evolution's revenue rose 3.7% to EUR 526.1 million and adjusted EBITDA rose 2.7% to EUR 345.9 million, a margin of 65.8% against 66.4% a year earlier. The company said all regions grew from the second quarter for the first time since 2024. Its Brazilian studio is temporarily closed after Brazil rolled back its regulatory framework in early October. Affärsvärlden and Dagens industri reported that the results were in line with expectations.

Lifco (LIFCO-B) · October 23

Lifco's net sales rose 8.3% to SEK 7,407 million, 1.6% organically, and EBITA rose 10.7% to SEK 1,708 million, a margin of 23.1% against 22.6% a year earlier. A contract manufacturing customer that accounts for about 5% of group revenue intends to move purchases to suppliers outside Europe. Lifco expects this to weigh on Systems Solutions' revenue and earnings in 2027. Affärsvärlden and Dagens industri reported that the results beat expectations.

SCA (SCA-B) · October 23

SCA's net sales rose 5% to SEK 5,248 million, mainly on higher delivery volumes, while EBITDA was SEK 1,631 million against SEK 1,644 million a year earlier. The EBITDA margin was 31.1%, down from 32.9%. For January–September, EBITDA was 24% lower. Dagens industri and EFN reported that the results beat expectations.

Norsk Hydro (NHY) · October 23

Hydro's adjusted EBITDA rose to NOK 9,089 million from NOK 5,996 million. The increase came from Aluminium Metal, whose adjusted EBITDA rose to NOK 7,031 million from NOK 2,732 million. Bauxite & Alumina fell to NOK 283 million from NOK 1,290 million after a gas-supply disruption forced a temporary production cut at the Alunorte refinery in Brazil. Production there has since resumed. Hydro lowered its 2026 investment estimate to about NOK 12.5 billion from NOK 13.5 billion. Finansavisen and DN reported that adjusted EBITDA was below expectations.

Gjensidige (GJF) · October 23

Gjensidige's insurance service result rose to NOK 3,003.6 million from NOK 2,270.6 million, with a combined ratio of 73.6% against 79.7%. Profit before tax was NOK 2,780.6 million, compared with NOK 2,067.4 million, and the solvency ratio was 190%. Finansavisen reported that pre-tax profit was 22% above analyst expectations.

Tomra (TOM) · October 23

Tomra's revenue rose 20% to EUR 366 million, and adjusted EBITA rose 55% to EUR 47 million, a margin of 12.9% against 10.0% a year earlier. All three divisions grew, led by Recycling at 34%. Recycling's order intake rose 73% to EUR 73 million, including EUR 26 million of large mining orders. Finansavisen and DN reported that the results were stronger than expected.

Volvo Cars (VOLCAR-B) · October 23

Volvo Cars reported an operating loss of SEK 5.6 billion, against an operating profit of SEK 6.4 billion a year earlier. Excluding joint ventures, associates and items affecting comparability, the loss was SEK 3.7 billion. Revenue fell 22.6% to SEK 66.9 billion. The company plans a further SEK 5 billion in cost cuts and about 2,500 job reductions, 2,000 of them in Sweden.

Electrolux (ELUX-B) · October 23

Electrolux's operating income excluding non-recurring items was SEK 912 million, against SEK 890 million a year earlier, a margin of 2.7%. Restructuring and other non-recurring items of SEK 305 million brought reported operating income to SEK 607 million and left a net loss of SEK 340 million. Net sales were SEK 33,919 million, with organic growth of 3.5%. Electrolux now expects volume, price and mix to make a neutral contribution to 2026 operating income, rather than a positive one. Affärsvärlden and Dagens industri reported that the results were stronger than expected.

Munters (MTRS) · October 23

Munters' order intake rose 70% to SEK 7,070 million, and orders in Data Center Technologies more than doubled. Net sales rose 18% to SEK 4,473 million, 17% organically. Adjusted EBITA rose 7% to SEK 546 million, but the margin fell to 12.2% from 13.5%, as component shortages and ramp-up inefficiencies weighed on the data center business. Munters kept its 2026 outlook. Affärsvärlden reported that order intake was far above expectations.

Bravida (BRAV) · October 23

Bravida's order intake rose 72% to SEK 10,317 million, and its order backlog reached a record SEK 24,216 million, up 48%. Net sales rose 9% organically to SEK 7,027 million, and EBITA rose 34% to SEK 460 million, a margin of 6.5% against 5.3% a year earlier. EFN and Dagens industri reported that earnings beat expectations.

Kemira (KEMIRA) · October 23

Kemira's operative EBITDA fell 18% to EUR 112.8 million, a margin of 15.9% against 20.0% a year earlier, as raw material and transport costs rose. Revenue grew 3% to EUR 708.9 million, mainly through acquisitions. Kemira estimates that cost inflation linked to the Middle East conflict will add about EUR 100 million to its 2026 costs. It expects customer price increases to cover about half. It kept its 2026 guidance of EUR 400–500 million in operative EBITDA.

Intrum (INTRUM) · October 23

Intrum booked a SEK 1.5 billion goodwill impairment related to Germany. After the impairment, it reported an operating loss of SEK 266 million and a net loss of SEK 1,487 million. Revenue fell 6% to SEK 3,820 million and adjusted operating profit fell 21% to SEK 976 million. Intrum now expects full-year external servicing income to be lower than in 2025. Dagens industri and Affärsvärlden reported that revenue was below expectations.

Atlas Copco (ATCO-A) · October 22

Atlas Copco's orders rose 29% to SEK 52,338 million, 25% organically. Revenue rose to SEK 47,920 million, up 11% organically, and operating profit rose to SEK 9,950 million from SEK 8,546 million, a margin of 20.8%. The company expects customer activity to remain at the current level. Placera and Affärsvärlden reported that operating profit was below expectations and orders above them. Dagens industri reported that Compressor Technique fell short of expectations.

Icelandair (ICEAIR) · October 22

Icelandair reported record third-quarter revenue of USD 655.0 million, up 12%, and EBIT of USD 120.3 million, up from USD 74.4 million, a margin of 18.4%. Net profit was USD 96.7 million, compared with USD 57.3 million. The company expects a loss in the fourth quarter and full-year EBIT of negative USD 20–30 million. A strike by maintenance technicians in September reduced third-quarter EBIT by USD 4.0 million.

Sjóvá (SJOVA) · October 22

Sjóvá raised its 2026 forecast for the result from insurance contracts to ISK 2.7–2.9 billion, from ISK 1.8–2.5 billion. It now expects a combined ratio of about 92%, rather than 93–95%. Third-quarter profit fell to ISK 767 million from ISK 1,145 million, as its investment result halved. The insurance result was ISK 911 million, against ISK 936 million, with a combined ratio of 89.9%.

Sagax (SAGA-B) · October 22

Sagax raised its 2026 forecast for profit from property management attributable to shareholders to SEK 4,800 million, from SEK 4,600 million. Third-quarter rental income rose 6% to SEK 1,449 million. Sagax now accounts for its holding in Retail Estates as an associate, and the reclassification added SEK 683 million to earnings.

Columbus (COLUM) · October 22

Columbus lowered its 2026 EBITDA margin guidance to about 6%, from 8–10%, and narrowed its organic revenue growth guidance to 2–3%, from 0–5%. Third-quarter revenue rose 6% to DKK 367 million. A restructuring affecting more than 80 employees led to DKK 20 million in severance provisions, and reported EBITDA was DKK 18 million, a margin of 4.8%. Columbus will present a new strategy on November 5.

SEB (SEB-A) · October 22

SEB will pause share buybacks. It cited continued lending growth and the capital effect of a Swedish FSA decision on its internal risk models, which raises its capital requirement from December 31. Third-quarter operating profit was SEK 9,412 million, down 3% from SEK 9,719 million a year earlier, on total operating income of SEK 18,626 million. Net interest income rose to SEK 10,881 million from SEK 10,540 million. Return on equity was 13.0% and the CET1 ratio 17.1%. The bank expects 2026 costs to come in about SEK 500–600 million below its target. Affärsvärlden and Aktiespararna reported that operating profit was below expectations.

Swedbank (SWED-A) · October 22

Swedbank's third-quarter net profit was SEK 8,249 million, up 15% from the second quarter and down 3% from SEK 8,512 million a year earlier. Net interest income rose 7% to SEK 11,568 million, and credit impairments were a net recovery of SEK 701 million. Return on equity was 15.6% and the CET1 ratio 17.2%. After the quarter, the Swedish FSA approved a new mortgage risk model, which Swedbank expects to lower its CET1 requirement by about 0.7 percentage points. Affärsvärlden, Aktiespararna and Placera described the report as in line with expectations.

Telia (TELIA) · October 22

Telia raised its 2026 outlook. It now expects like-for-like adjusted EBITDA growth of 3–4%, up from around 3%, and free cash flow of at least SEK 9 billion, rather than around SEK 9 billion. Third-quarter revenue was SEK 21.3 billion, like-for-like service revenue grew 3.3% and adjusted EBITDA grew 2.9%. Free cash flow rose to SEK 3.7 billion from SEK 2.9 billion. Telia has proposed cutting around 900 positions, targeting SEK 1 billion in annual gross savings with full effect from 2028. Dagens industri reported that the results were stronger than expected.

Sandvik (SAND) · October 22

Sandvik's third-quarter revenue was SEK 37,728 million, up 25% organically, and order intake was SEK 36,948 million, up 17% organically. Adjusted EBITA was SEK 8,477 million, a margin of 22.5% against 19.0% a year earlier. The company expects currency to add about SEK 600 million to fourth-quarter adjusted EBITA, and tariff refunds to reduce fourth-quarter order intake and revenue by about SEK 400 million. Placera and Aktiespararna reported that the results beat expectations.

Nokia (NOKIA) · October 22

Nokia's comparable operating profit rose 35% to EUR 605 million, a margin of 11.7%. Net sales were EUR 5,154 million, up 10% reported and 9% at constant currency. Sales to AI and cloud customers grew 123%, and orders from them 118%. Nokia kept its full-year comparable operating profit outlook of EUR 2.1–2.6 billion. Talouselämä and Kauppalehti reported that the results beat forecasts.

Essity (ESSITY-B) · October 22

Essity's adjusted earnings beat forecasts but fell from a year earlier. EBITA excluding items affecting comparability was SEK 4,725 million, a margin of 13.1% against 14.6% a year earlier. Net sales rose 4.1% to SEK 36,060 million, including 1.9 percentage points from an acquisition in North America, while organic sales fell 0.3%. Operating profit fell 31% to SEK 3,369 million. Essity said its strategic review of Consumer Tissue is on plan, and that it will now weigh a separation against keeping the business. Aktiespararna reported that adjusted earnings were above expectations.

Metso (METSO) · October 22

Metso's orders rose 28% to EUR 1,614 million, or 24% organically at constant currency. Sales rose 3% to EUR 1,373 million and adjusted EBITA rose 4% to EUR 230 million, a margin of 16.8%. Metso expects market activity in both Minerals and Aggregates to continue at the current level. Kauppalehti reported that earnings fell short of forecasts.

Yara (YAR) · October 22

Yara's EBITDA excluding special items fell to USD 675 million from USD 804 million, and net income fell to USD 199 million from USD 320 million. The company said higher gas prices and delayed demand weighed on margins and deliveries. At current forward prices, Yara estimates that its gas costs will be USD 450 million higher than a year earlier in the fourth quarter and USD 445 million higher in the first quarter of 2027. DN and Finansavisen reported that the results were weaker than expected.

Nordic Semiconductor (NOD) · October 22

Nordic Semiconductor's third-quarter revenue rose 32% to USD 235.5 million, with a gross margin of 52.8%. Adjusted EBITDA was USD 39.8 million, up from USD 18.3 million. The company guided fourth-quarter revenue of USD 215–235 million with a gross margin above 50%. At the midpoint, that would mean 31% revenue growth for 2026.

Mycronic (MYCR) · October 22

Mycronic raised its 2026 net sales outlook to about SEK 9.75 billion, from SEK 9.25 billion. Third-quarter net sales rose 38% to SEK 2,356 million, and EBIT rose to SEK 610 million from SEK 255 million, a margin of 26%. Order intake rose 10% to SEK 2,667 million.

Hexatronic (HTRO) · October 22

Hexatronic's adjusted EBITA rose 93% to SEK 281 million, a margin of 11.3% against 7.7% a year earlier. Net sales rose 33% to SEK 2,498 million, 17% organically. Data Center sales roughly doubled to SEK 692 million, with organic growth of 44%.

Dometic (DOM) · October 22

Dometic reported a third-quarter net loss of SEK 4,380 million after a non-cash goodwill impairment of SEK 4,229 million. Net sales were SEK 5,116 million with organic growth of 3%, and EBITA before items affecting comparability was SEK 495 million, a margin of 9.7% against 10.4% a year earlier. A restructuring program will cost SEK 425 million and targets annual savings of SEK 215 million by the end of 2028.

Hemnet (HEM) · October 22

Hemnet's net sales fell 17.8% to SEK 301.5 million and EBITDA fell 26.3% to SEK 144.1 million, as paid listings declined. Average revenue per paid listing rose 9.2% to SEK 8,986.

Viking Line (VIK1V) · October 22

Viking Line lowered its 2026 outlook, citing continued high energy prices. It now expects profit before taxes to be below its previous expectations and considerably lower than in 2025. Third-quarter revenue was EUR 154.9 million, up from EUR 152.5 million, and operating profit fell to EUR 25.5 million from EUR 28.7 million.

Handelsbanken (SHB-A) · October 21

Handelsbanken's third-quarter operating profit was SEK 7,353 million, up from SEK 6,678 million in the second quarter. For January–September, operating profit was SEK 22,226 million, below SEK 22,933 million in the same period last year. The CET1 ratio was 17.0% after anticipated dividends, and the bank expects a newly approved household risk model to lower its CET1 requirement by about SEK 3 billion. Most Swedish outlets, including Placera, described operating profit as in line with expectations.

DNB (DNB) · October 21

DNB reported third-quarter profit after tax of NOK 9.8 billion, down 7.9% from NOK 10.7 billion a year earlier. Return on equity was 14.5% and the CET1 ratio 17.3%. Net fund subscriptions reached a record NOK 54.5 billion, and DNB Carnegie's customer income rose 25% to NOK 2.8 billion. Finansavisen reported that the result beat analyst expectations.

DSV (DSV) · October 21

DSV reported third-quarter EBIT before special items of DKK 6,606 million, up 19.5%, including DKK 300 million of gains from property disposals. Air & Sea EBIT rose 18.9% to DKK 4,278 million, while Road fell 35.1% to DKK 526 million as Schenker integration continued. The company narrowed its 2026 EBIT guidance to DKK 24.0–25.0 billion, from DKK 23.5–25.5 billion, and announced a DKK 1.5 billion share buyback.

SKF (SKF-B) · October 21

SKF reported third-quarter net sales of SEK 17,467 million from continuing operations, with organic growth of 4.3%. Adjusted operating profit was SEK 2,845 million, a margin of 16.3% against 15.4% a year earlier, and above the SEK 2,781 million consensus cited by Aktiespararna. SKF brought forward its target of about SEK 2 billion in annual savings to mid-2027, and plans to list SKF Vertevo on Nasdaq Stockholm on December 1.

Vår Energi (VAR) · October 21

Vår Energi raised its long-term production target to around 450,000 barrels of oil equivalent per day. Third-quarter cash flow from operations after tax was USD 1.5 billion and net debt USD 3.1 billion. The company will distribute USD 400 million for the quarter and guided a further USD 400 million for the fourth, bringing planned 2026 distributions to USD 1.45 billion.

Husqvarna (HUSQ-B) · October 21

Husqvarna reported a third-quarter operating loss of SEK 334 million, compared with a profit of SEK 141 million a year earlier. Net sales were SEK 9,012 million, down 2% reported and 5% organically, and the adjusted operating loss was SEK 246 million. The company has achieved about SEK 935 million of gross savings so far in 2026, toward a SEK 3 billion target by the end of 2028. Dagens industri reported that the shares fell to 2012 levels.

Getinge (GETI-B) · October 21

Getinge's headline margin overstates the quarter. Adjusted EBITA was SEK 1,278 million, a margin of 15.1% against 13.1% a year earlier, but excluding tariff refunds and currency effects the margin was 14.3%. Organic net sales grew 2.1% and organic order intake 2.6%. Free cash flow was SEK 1,302 million, and the company kept its 2026 outlook for organic sales growth of 3–5%.

Storebrand (STB) · October 21

Storebrand reported third-quarter operating profit of NOK 1,162 million, up 7% from a year earlier, while profit after tax fell to NOK 996 million from NOK 1,189 million. The insurance result rose 28% to NOK 895 million with a combined ratio of 87%. The board intends to propose a 2026 dividend of about NOK 6 per share and a NOK 2 billion share buyback for 2027. DN and Finansavisen described the group result as below expectations.

Elisa (ELISA) · October 21

Elisa's third-quarter revenue was EUR 561 million, unchanged from a year earlier. Comparable EBITDA fell 1.8% to EUR 210 million, below the EUR 213 million analyst forecast cited by Talouselämä, and comparable EBIT fell 5.1% to EUR 131 million. Elisa kept its 2026 comparable EBITDA guidance of EUR 815–845 million. Year-to-date data center connectivity orders reached almost EUR 100 million, including an agreement with Google.

Terveystalo (TTALO) · October 21

Terveystalo lowered its 2026 adjusted EBIT guidance to EUR 110–120 million, from EUR 120–140 million, citing weaker-than-expected demand in July–September. Third-quarter revenue fell 6.2% to EUR 262.9 million, and adjusted EBIT fell to EUR 17.8 million from EUR 26.8 million, below the EUR 23.7 million forecast cited by Kauppalehti. The company postponed its Capital Markets Day to spring 2027.

Pihlajalinna (PIHLIS) · October 21

Pihlajalinna issued a profit warning on October 21, the same day Terveystalo cut its guidance. It now expects 2026 revenue of about EUR 540 million and adjusted EBITA of about 8% of revenue, down from EUR 550–570 million and 9–10%. Preliminary third-quarter revenue was EUR 121.5 million, down from EUR 148.7 million, and adjusted EBITA was EUR 8.6 million, down from EUR 14.4 million. The company cited changes to outsourcing agreements and low morbidity. Full interim results follow on October 28.

HMS Networks (HMS) · October 21

HMS Networks reported third-quarter order intake of SEK 1,104 million, up 29% (22% organically), and net sales of SEK 1,024 million, up 15% (6% organically). EBIT was SEK 253 million, about 2% above consensus according to Affärsvärlden. HMS expects component costs and tariffs to pressure gross margin in the fourth quarter, and announced customer price increases from January 1, 2027.

Inwido (INWI) · October 21

Inwido's third-quarter net sales rose 22% to SEK 2,724 million, with organic growth of 5%. Operating EBITA was SEK 334 million, the company's highest quarterly result to date, at a margin of 12.3%. Organic order intake rose 7% and the order backlog reached a record SEK 3,453 million. Placera reported that EBITA was above the SEK 317 million consensus.

Mips (MIPS) · October 21

Mips reported third-quarter net sales of SEK 215 million, up 59% (24% organically), with the Koroyd acquisition contributing 30% of the growth. Adjusted operating profit was SEK 97 million, a margin of 45.2%. Reported operating profit of SEK 60 million included SEK 37 million of legal and settlement costs. Placera reported that operating profit was 3.4% above consensus.

Dynavox Group (DYVOX) · October 21

Dynavox Group reported third-quarter revenue of SEK 685 million, up 13% (15% at constant currency), and operating profit of SEK 119 million, up 87%, for an operating margin of 17.4%. The company said growth in the United States was held back by administrative complexity and longer lead times tied to Medicaid. EFN reported that the shares fell nearly 15% on the day.

ABB (ABB) · October 20

Stockholm-listed ABB reported third-quarter orders of USD 12,055 million, up 40%, and revenues of USD 9,701 million, up 14%. Operational EBITA rose 24% to USD 2,026 million, a margin of 20.8%. The company expects full-year comparable revenue growth in the low teens. Svenska Dagbladet reported that the shares fell about 6% on the day.

Tele2 (TEL2-B) · October 20

Tele2 narrowed its full-year EBITDAaL growth guidance to 4–5% and lowered its capex-to-sales outlook to below 10%. Third-quarter net sales were SEK 7.6 billion, up 2% organically, and underlying EBITDAaL was SEK 3.1 billion, up 3% organically. Equity free cash flow reached SEK 2.3 billion, which the company described as a record.

Embla Medical (EMBLA) · October 20

Embla Medical lowered its full-year organic sales growth guidance to about 5%, the bottom of its earlier 5–7% range, and narrowed its EBITDA margin guidance to about 21%, from 20–22%. Third-quarter sales were USD 250 million, up 4% organically, and EBITDA was USD 56 million, a margin of 22%. Net profit was USD 26 million.

Week 42 (October 12–18)

Investor (INVE-B) · October 16

Investor AB's net asset value grew, but its shares lagged the market in the quarter. Adjusted net asset value was SEK 1,258.0 billion, or SEK 411 per share, on September 30, up 4% in the third quarter and 17% over the first nine months. Total shareholder return was 1% in the quarter, against 2% for the SIXRX index, and 24% over nine months, against 11%. Patricia Industries' major subsidiaries reported 12% sales growth, of which 7% was organic.

Avanza (AZA) · October 16

Avanza reported third-quarter operating income of SEK 1,283 million, up 12%, and operating profit of SEK 920 million, up 13%. Net inflow rose to SEK 23.1 billion from SEK 14.4 billion, and the customer base reached 2,391,100. The bank lowered its estimate of 2026 international expansion costs to SEK 40 million from SEK 50 million. Placera and EFN described the results as slightly below analyst expectations.

Nordea (NDA-FI) · October 15

Nordea reported third-quarter operating profit of EUR 1,541 million, down 4% from EUR 1,597 million a year earlier, on total operating income of EUR 2,968 million, up 2%. Return on equity was 15.1% and the CET1 ratio 15.8%. The bank kept its 2026 outlook of return on equity above 15% and a cost-to-income ratio of 44–45%. Placera and Dagens industri reported that Nordea paused share buybacks.

Ericsson (ERIC-B) · October 15

Ericsson reported third-quarter net sales of SEK 59.5 billion, up 6% and 7% organically. Adjusted EBITA was SEK 10.1 billion, down from SEK 15.8 billion, and net income was SEK 5.8 billion, down from SEK 11.3 billion in a year-earlier quarter that included a SEK 7.6 billion capital gain. Management said component costs would weigh on gross margin next year. Placera and Affärsvärlden reported that the results beat expectations and that the shares rose.

EQT (EQT) · October 15

EQT added scale through acquisitions. Fee-generating assets under management reached EUR 195 billion, including EUR 34 billion from Coller Capital, whose combination with EQT closed on August 31. EQT also agreed to acquire US real estate manager Stockbridge, which has about USD 17 billion of fee-generating assets, with closing expected in the first quarter of 2027. Third-quarter gross inflows were EUR 41.6 billion, and total assets under management were EUR 354 billion.

Kinnevik (KINV-B) · October 15

Kinnevik reported net asset value of SEK 29.8 billion, or SEK 108 per share, at the end of September. That was up 1% in the quarter and down 17% over the first nine months. Financing rounds above prior valuations and currency gains were partly offset by lower multiples. Börskollen reported that the shares fell as much as 9% on the day.

Nel (NEL) · October 15

Nel's orders recovered while revenue fell. Order intake rose to NOK 253 million from NOK 57 million, and the order backlog was NOK 1,314 million, up 34%. Third-quarter revenue from customer contracts fell 63% to NOK 112 million. The EBITDA loss widened to NOK 93 million from NOK 37 million, and cash stood at NOK 1,078 million.

Entra (ENTRA) · October 15

Falling property values pushed Entra to a loss. Negative value changes of NOK 864 million on investment properties led to a third-quarter loss after tax of NOK 451 million, even as rental income rose 2.0% to NOK 782 million. Net income from property management was NOK 306 million, compared with NOK 328 million. The board approved a share buyback of up to NOK 200 million.

Week 41 (October 5–11)

Tryg (TRYG) · October 9

Tryg reported a third-quarter insurance service result of DKK 2,454 million, up from DKK 2,181 million, with a combined ratio of 76.8% against 78.6%. Profit before tax was DKK 2,123 million, compared with DKK 1,980 million, and the solvency ratio was 203%. Økonomisk Ugebrev reported that the insurance result came in about 6% above analyst expectations.

Still to report

Upcoming results from large caps in Stockholm, Oslo, Copenhagen, Helsinki and Reykjavik, based on dates published by the companies. Dates can move.