Mixed European Q3 Results as BasicNet Revenues Climb 21.6%

Key Facts

1Salix Group AB reported a 35 percent increase in EBITA to 173 million SEK for the third quarter.

2BasicNet S.p.A. reported revenue growth of 21.6% for the first nine months of 2026.

3Byggmax Group AB released its financial results for the third quarter ended September 30, 2026.

BasicNet S.p.A. reported revenue growth of 21.6% to 369 million euros for the first nine months of 2026. Benzinga reported that Salix Group AB also saw a 35 percent increase in EBITA to 173 million SEK for the third quarter, while Byggmax Group AB released its financial results for the period ended September 30, 2026.

BasicNet's direct sales rose 29.6%, bolstered by the integration of the Woolrich and Sundek brands, though operating profit (EBIT) fell to 8.9 million euros due to acquisition-related costs. While the company achieved 11.5% growth in the Middle East and Africa, its Americas revenue contracted by 19%. In Sweden, Salix Group demonstrated improved operational profitability, though liquidity remains a focus as no updated instrument prices were available for the October 21, 2026 session.