Earnings call transcript: MilDef posts record Q3 2026 sales, profit growth
MilDef Group reported record third-quarter 2026 sales and profit growth in its earnings call. Net sales surged 54% year-over-year to SEK 829 million, while adjusted EBITA increased 113% to SEK 180.5 million. The company also revealed a record order backlog of SEK 5.6 billion. Despite the strong performance, MilDef's shares dropped 0.63% to $235.7 in early trading, indicating some investor caution.
The company highlighted strong demand in the Nordic region and Germany, driven by increased spending on digital infrastructure and rugged IT systems. MilDef's gross margin expanded to 45.4%, and its adjusted EBITA margin reached 21.8%, showing robust operating leverage. Management emphasized that demand remains strong in defense markets, and the company is expanding capacity, including a new site in Rosersberg, Sweden.
The integration of roda computer GmbH into MilDef GmbH is progressing smoothly, enhancing the company's position in the German market. MilDef's operating profit grew by 131% year-over-year, and the company expects to deliver further growth in the coming quarters.
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