Enea Ab · OMXSTO:ENEA
Enea Ab — Q3 2026 Earnings Presentation
20 slides from Enea Ab's earnings presentation, Oct 1, 2026
Slide 1: Investor Call
Investor Call
Slide 2: Agenda
Agenda • Intro • Financial Results • Way Forward & Outlook Investor call Q326 Public Information
Slide 3: Q3 Takeaways
Q3 Takeaways Short-term headwinds causing decline Strong operational cashflow Intention to start a share repurchase program of SEK 20 million Investor call Q326 Public Information
Slide 4: Market and Business Development
Market and Business Development 8 new customers Strengthening partnerships to On track with strategy execution, 5% net sales decline in Q3 whereof 7 in growth portfolio become stronger and more will accelerate sales 2027 relevant Investor call Q326 Public Information
Slide 5: Enea's Artificial Intelligence Journey
Enea’s Artificial Intelligence Journey AI in our Product AI Development & AI Center of Offerings Troubleshooting Excellence Product 5 Investor call Q326 Public Information
Slide 6: Q3 Key Numbers
Q3 Key Numbers JULY-SEPTEMBER 2026 JANUARY-SEPTEMBER 2026 EBITDA EBITDA CASH NET SALES NET DEBT NET SALES MARGIN 2/ MARGIN 2/ POSITION 202 23 163 643 28 108 MSEK MSEK MSEK PERCENT PERCENT MSEK EARNINGS OPERATING EARNINGS OPERATING R&D 1/ R&D 1/ PER SHARE CASH FLOW PER SHARE CASH FLOW 0.34 66 29 1.99
Slide 7: Agenda
Agenda • Intro • Financial Results • Way Forward & Outlook Investor call Q326 Public Information
Slide 8: Net Sales Q326
Net Sales Q326 Net Sales (SEK m) 300 1 200 2026 2025 2026 2025 Q3 Q3 R12m Year 250 1 000 Net Sales 202 213 881 889 Growth (%) -5% -2% -1% -2% 200 800 Growth (%, currency -6% +3% +2% +2% adjusted) 150 600 100 400 • 2% growth in fixed currency rates for September YTD 50 200 0 0 3/25 4/25 1/26 2/26 3/2
Slide 9: 23% Adjusted EBITDA Margin Q326
23% Adjusted EBITDA Margin Q326 EBITDA excluding NRI and Trans. Diff. (SEK m) 120 60% 2026 2025 2026 2025 Q3 Q3 R12m Year 100 50% EBITDA excl NRI and Trans. Diff. 47.3 70.3 272.5 291.0 SEK m 80 40% EBITDA, SEK m 43.0 72.5 246.7 270.9 EBITDA excl. NRI and Trans. Diff. % 23% 33% 31% 33% 60 30% EBITDA
Slide 10: 6% EBIT Margin Q326
6% EBIT Margin Q326 2026 2025 2026 2025 Operating profit excluding NRI and Trans. diff. (SEK m) Q3 Q3 R12m Year 60 30% EBIT excl Non-Recurring Items 11.4 31.8 125.9 133.7 and trans. Diff., SEK m EBIT, SEK m 7.1 34.1 100.0 113.6 EBIT margin excl. non-rec. items 6% 15% 14% 15% and trans. Diff., % 40 2
Slide 11: Net Sales by Product Group YTD
Net Sales by Product Group YTD JANUARY-SEPTEMBER Licenses Support & Maintenance Professional Services Growth Classic Investor call Q326 Public Information
Slide 12: Net Sales per Product Group YTD
Net Sales per Product Group YTD Net Sales (SEK m) 0 50 100 150 200 250 Growth Fx adjusted Network Performance & 192 Intelligence 199 Network Performance & Intelligence +4% +10% Signaling & Messaging 143 Signaling & Messaging Security +7% +5% +9% +9% Security 154 +SEK16m Embedded Network Insights & S
Slide 13: Improved Cash Flow & Net Debt
Improved Cash Flow & Net Debt Cash flow generation in SEK million Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Operating profit 6.0 23.8 20.2 48.9 34.1 Financial net -1.1 -2.4 -2.6 -6.0 0.1 Non-cash items and taxes 41.9 36.7 46.9 36.7 27.7 Change in working capital 18.5 29.6 -50.3 -34.4 -41.1 Cash flow f
Slide 14: Agenda
Agenda • Intro • Financial Results • Way Forward & Outlook Investor call Q326 Public Information
Slide 15: Q3 Takeaways
Q3 Takeaways Short-term headwinds causing decline Strong operational cashflow Intention to start a share repurchase program of SEK 20 million Investor call Q326 Public Information
Slide 16: Short-Term Outlook
Short-Term Outlook • Market remains stable to moderately positive • Geopolitical challenges in Middle East creating unpredictability • Increasing memory prices creates longer lead-times for decision making with our customers • Solid and growing pipeline supporting strategic ambition 2026 guidance: U
Slide 17: Long-Term Financial Ambition
Long-Term Financial Ambition Growth Our long-term ambition is to deliver a CAGR of more than 10% over the three-year period 2026–2028. Profitability Our ambition is to achieve an EBITDA margin above 35% by the end of 2028. Investor call Q326 Public Information
Slide 18: Thank You and Welcome
Thank You and Welcome ULF STIGBERG SOPHIE REINIUS • CFO since 2023 • Joining Enea on November 2 • 13 quarterly reports delivered • Former CFO and Acting CEO at Formpipe • Played a key role in Enea's financial • Extensive experience across technology- development driven industries Investor call Q326
Slide 19: Question & Answers
Question & Answers
Slide 20: Thank You!
Thank You! TEEMU SALMI, CEO ULF STIGBERG, CFO VISIT ENEA.COM FOR MORE FINANICAL INFORMATION