EL7.AI
StocksMedium•14 November 2026•
3 min read

InfraCom earnings per share fall to SEK 0.30 despite 4% third-quarter sales growth

Key Facts

1Third-quarter net sales were SEK 204.6 million, up 4% from the corresponding period.
2Earnings per share after tax fell to SEK 0.30, compared with SEK 2.01 a year earlier.
3EBITA fell to SEK 15.5 million, and its margin declined to 7.6% in the third quarter.
4Operating profit (EBIT) fell to SEK 14.0 million, and its margin declined to 6.8%.

InfraCom Group reported third-quarter results on November 11, 2026, with earnings per share after tax of SEK 0.30, compared with SEK 2.01 in the same period a year earlier. This came alongside a 4% rise in net sales to SEK 204.6 million, from SEK 196.5 million a year earlier. Revenue growth did not prevent operating earnings and margins from declining, as earnings per share fell alongside both EBITA and operating profit. The results therefore showed a divergence between higher sales and weaker profitability indicators during the quarter. The company said in its report that "net sales were SEK 204.6 million, up 4% year over year."

EBITA fell to SEK 15.5 million in the third quarter, from SEK 25.1 million in the same period of 2025. The margin on this earnings measure dropped to 7.6%, from 12.8% a year earlier. Operating profit also declined to SEK 14.0 million from SEK 23.8 million, while the EBIT margin narrowed to 6.8% from 12.1%. The comparison shows that both the amount of operating earnings and their share of sales declined. InfraCom said in its filing that "EBITA was SEK 15.5 million, compared with SEK 25.1 million," with the margin falling from 12.8% to 7.6%.

Business-unit performance varied during the quarter. Communications sales rose to SEK 63.7 million from SEK 61.2 million in the comparable period. Managed Services sales increased to SEK 120.5 million, compared with SEK 107.8 million a year earlier. By contrast, Document & Visual Solutions sales fell to SEK 20.4 million from SEK 27.6 million. Higher sales in Communications and Managed Services came alongside lower sales in Document & Visual Solutions. The company said unit sales were "SEK 63.7 million for Communications, SEK 120.5 million for Managed Services and SEK 20.4 million for Document & Visual Solutions."

For the first nine months of 2026, the company recorded net sales of SEK 600.0 million, up 1% from SEK 594.2 million in the same period a year earlier. However, EBITA for the period fell to SEK 51.8 million from SEK 66.7 million. The nine-month EBITA margin declined to 8.6%, compared with 11.2% in the comparable period. The figures for the extended period show limited sales growth alongside lower adjusted operating earnings and margin. InfraCom said that "net sales were SEK 600.0 million, up 1% year over year."

Cash flow from operations was SEK 20.9 million in the third quarter, compared with SEK 22.3 million in the corresponding quarter a year earlier. The decline in operating cash flow coincided with lower operating earnings and earnings per share, while sales rose year over year. This indicator provides an additional measure of quarterly business performance alongside the sales and profitability figures in the report. The company said that "cash flow from operations was SEK 20.9 million, compared with SEK 22.3 million."

After the end of the period, the company reported that a merger plan had been registered for its larger subsidiaries, in preparation for their merger into InfraCom AB. The report said the plan was registered after the quarter ended, as part of a reorganization of the larger subsidiaries. The filing did not specify expected financial savings from the merger. The move follows quarterly results showing higher sales and lower operating earnings and margins. InfraCom said that "a merger plan was registered for the larger subsidiaries, which will later merge into InfraCom AB."