WeSports sales jump 65% to SEK 1,285 million in third quarter
Key Facts
WeSports Group reported net sales of about SEK 1,285 million in the third quarter of 2026, up about 65% from SEK 777 million in the corresponding period of 2025. The company said the figures were preliminary and that adjusted earnings before interest, taxes, depreciation and amortization were expected to exceed market expectations. Expected organic growth was about 22%, meaning sales growth included both the group’s existing operations and the contribution of companies added to the group. The company attributed the performance to strong sales and broad-based organic growth across the group, as well as business development and continued improvement in the underlying market. This puts the revenue jump in the context of broad operational growth, with expansion through acquisitions also contributing to results.
WeSports expected adjusted earnings before interest, taxes, depreciation and amortization to reach about SEK 128 million, compared with SEK 67 million in the third quarter of 2025, an increase of about 92%. Adjusted earnings growth therefore outpaced the roughly 65% increase in sales. The company also expected its adjusted earnings margin to rise to 10.0% from 8.6% a year earlier. It said a higher share of brands that it owns or controls supported profitability during the quarter. The company added that cost control and operating leverage from increased sales strengthened earnings, while companies acquired since the corresponding period of 2025 also contributed positively.
In comparison with the previous quarter, the company’s sales rose 54.7% to SEK 1,177.6 million in the second quarter of 2026, while organic growth was 21.6%. The third-quarter figures show higher year-on-year sales and organic growth than the rates recorded in the second quarter, though the comparison periods differ. In August, the group said its Spobik unit recorded record sales in the first half of 2026 and that its Made brand grew 159% compared with the first half of 2025. This follows earlier signs of growth at some of the group’s brands, while the company attributed its third-quarter results to broader factors including organic performance and market development. The preliminary figures did not break down the contribution of each business or brand to quarterly sales.
WeSports said in September that it had agreed with Nordea on a committed credit facility worth SEK 750 million, with an option to increase the financing by up to SEK 250 million subject to the lender’s approval. The agreement runs for three years, with two options to extend it by one year each. Chief Executive Ted Spory said the facility would enable the company to take further steps toward its 2031 financial targets. Those targets include an adjusted earnings before interest, taxes, depreciation and amortization margin of between 7% and 8%, and net sales of SEK 10 billion. The company’s statement links the financing to its ability to continue making acquisitions, while its quarterly results announcement said companies acquired since the corresponding period of 2025 had already contributed to earnings.
The company’s interim report for January to September 2026 is scheduled for release on 12 November 2026 at 08:00 Central European Time. WeSports also invited investors, analysts and the media to an online presentation and investor call at 09:00 the same day. The report will cover the broader nine-month period, following the release of preliminary third-quarter figures. The company’s financial calendar sets 18 February 2027 as the release date for its 2026 year-end report. The second-quarter report recorded sales growth of 54.7%, while the preliminary third-quarter figures showed an annual increase of about 65%.