Interim report July–September 2026 – HAKI Safety AB (publ)
2026-10-20 07:30:00
“Growing with the newly acquired Combisafe”, Sverker Lindberg, President and CEO
Third quarter 2026
- Net sales increased 8 percent to SEK 311 M (288). Organically, net sales decreased 4 percent. Acquisitions had a positive net impact on net sales of 11 percent, as did exchange rate effects of 1 percent.
- Adjusted EBITA amounted to SEK 14 M (24). As previously communicated, the newly acquired Combisafe will negatively impact the Group’s earnings until the restructuring and integration measures take full effect.
- Operating profit amounted to SEK 37 M (30). Items affecting comparability had a positive net impact on profit of SEK 26 M (9).
- Costs for the restructuring and integration of Combisafe are estimated at about SEK 26 M, of which SEK 17 M impacted the third quarter. Operating profit was positively impacted by SEK 36 M as the value of the acquired assets exceeded the purchase price. Adjustments related to the revaluation of earnouts had a net positive effect on the result of SEK 10 M (9).
- Net result after tax was SEK 28 M (32).
- Cash flow from operating activities amounted to SEK 3 M (1).
- Earnings per share before and after dilution totalled SEK 0.94 (1.07).
- In July, the Group finalised the acquisition of Combisafe, a leading actor specialising in fall protection products with a broad presence across Europe and a strong brand reputation. An update on the restructuring and integration measures implemented, as well as their effects, was communicated in September.
- The Group communicated updated financial targets in July.
January–September 2026
- Net sales increased 10 percent to SEK 960 M (875). Organically, net sales increased 6 percent. Acquisitions and divestments had a positive net impact on net sales of 5 percent. Exchange rate effects had a negative net impact on net sales of 1 percent.
- Adjusted EBITA amounted to SEK 54 M (50).
- Operating profit amounted to SEK 66 M (50).
- Net result after tax was SEK 42 M (29).
- Cash flow from operating activities amounted to SEK 74 M (21).
- Earnings per share before and after dilution totalled SEK 1.41 (0.97).
Significant events after the end of the period
- Tomas Hilmarsson, the Group’s current CFO, was appointed CEO and President, effective 1 November 2026. He succeeds Sverker Lindberg, who announced in May that he intends to leave his position.
| FINANCIAL SUMMARY | 2026 Q3 | 2025 Q3 | 2026 Q1-Q3 | 2025 Q1-Q3 |
| Net sales | 311 | 288 | 960 | 875 |
| Gross profit | 118 | 107 | 356 | 314 |
| Adjusted EBITA | 14 | 24 | 54 | 50 |
| Operating profit | 37 | 30 | 66 | 50 |
| Profit before tax | 32 | 35 | 48 | 32 |
| Net result | 28 | 32 | 42 | 29 |
| Net sales, growth % | 8 | 14 | 10 | 15 |
| Gross margin, % | 37.9 | 37.2 | 37.1 | 35.9 |
| Adjusted EBITA, % | 4.5 | 8.3 | 5.6 | 5.7 |
| Operating margin, % | 11.9 | 10.4 | 6.9 | 5.7 |
| Earnings per share, before and after dilution, SEK | 0.94 | 1.07 | 1.41 | 0.97 |
| Cash flow operating activities, SEK | 3 | 1 | 74 | 21 |
| Financial net debt, SEK M | 375 | 377 | 375 | 377 |
| Financial net debt / Adjusted EBITDA excl. IFRS 16, times | 2.8 | 2.7 | 2.8 | 2.7 |
| Equity/assets ratio, % | 49 | 45 | 49 | 45 |
This is a translation of the Swedish original version. In the event of any differences between this translation and the Swedish language original, the latter shall prevail.