Systemair AB Reports Third Quarter Performance Amid Market Challenges

Systemair's Third Quarter Overview

On March 5, 2026, Systemair AB released its interim report for the third quarter of the financial year 2025/26, covering the period from November 2025 to January 2026. The report reflects a blend of challenges and slight growth for the company.

According to Robert Larsson, the newly appointed President and CEO of Systemair, the company achieved an organic growth of 1.0% during this quarter, contrasting with last year's growth of 5.4%. Despite this growth, net sales saw a 5.9% decline, dropping to SEK 2,862 million, attributable largely to negative currency effects which impacted revenues by 8.7%.

Key Financial Metrics

- Adjusted Operating Profit (adj. EBIT): SEK 199 million compared to SEK 213 million last year.
- Operating Profit (EBIT): SEK 224 million, showing a significant increase from SEK 201 million.
- Profit After Tax: SEK 132 million, slightly down from SEK 135 million previously.
- Basic Earnings Per Share: SEK 0.63, a marginal improvement from SEK 0.62.
- Cash Flow from Operating Activities: Increased notably to SEK 419 million from 206 million in the previous year.

Larsson noted that the third quarter typically represents a seasonal low point for the company. However, the ongoing strong gross margin and consistent adjusted operating margin indicate resilient operational performance. The holiday season observed a dip in activity levels; nonetheless, Systemair is optimistic about future growth owing to positive signals from various markets.

Nine-Month Summary

Expanding on the nine-month results from May 2025 through January 2026, organic growth stood at 5.0%, a notable improvement from 2.5% the previous year, despite a slight decrease in net sales by 0.8%, totaling SEK 9,227 million. This variance is attributed to a 6.9% adverse impact from currency fluctuations.

- Adjusted Operating Profit for the nine-month period totaled SEK 878 million, a modest increase from SEK 866 million.
- Operating Profit also increased to SEK 882 million from 854 million. The adjusted operating margin rose to 9.5% from 9.3%.
- Profit After Tax increased to SEK 590 million, up from 581 million, while earnings per share improved to SEK 2.83.
- A robust cash flow from operations of SEK 965 million marked a rise from 800 million in the previous year.

Forward-Looking Statements

Looking ahead, Systemair remains committed to its goal of enhancing indoor climate solutions through energy-efficient products and services. Operating across 51 countries, the company plans to maintain its market position amidst the evolving economic landscape. CEO Robert Larsson expressed a steady confidence in the company's ability to navigate the market challenges while continuing to deliver value to its stakeholders.

Systemair’s reputation for reliability and growth reflects its legacy since its foundation in 1974, reporting a consistent operating profit every year and averaging a growth of 7.9% over the past decade. The company maintains a diverse portfolio with notable brands including Systemair, Frico, Fantech, and Menerga.

The upcoming press and analyst meeting will be held at 09:00 CET on March 5, 2026, where Larsson and CFO Anders Ulff will further discuss these results. Registrations for teleconference participation are actively encouraged to engage with company leadership directly.

This report and further details can be accessed via the Systemair Group website, where updates and upcoming presentations will also be published. Interested stakeholders may reach out directly to the executive team for more insights on company operations and performance for comprehensive engagement as well as transparency in communication.