Third quarter 2026 highlights
- Revenue increased by 4.9 per cent to MSEK 2,295 (2,189). Organic growth was 1.1 per cent.
- Gross margin was 41.1 per cent (41.4).
- Adjusted EBITA increased to MSEK 168 (158), corresponding to an adjusted EBITA margin of 7.3 per cent (7.2).
- Operating profit increased to MSEK 147 (134) and the operating margin increased to 6.4 per cent (6.1).
Operating profit was charged with items affecting comparability of MSEK -4 (-5). - Profit amounted to MSEK 92 (83).
- Earnings per share amounted to SEK 1.84¹ (1.64¹).
- Cash flow from operating activities amounted to MSEK 45 (148).
First nine months 2026 highlights
- Revenue increased by 5.4 per cent to MSEK 7,264 (6,891). Organic growth was 2.5 per cent.
- Gross margin was 40.9 per cent (40.8).
- Adjusted EBITA increased to MSEK 468 (376), corresponding to an adjusted EBITA margin of 6.4 per cent (5.5).
- Operating profit increased to MSEK 384 (269) and the operating margin increased to 5.3 per cent (3.9).
Operating profit was charged with items affecting comparability of MSEK -30 (-52). - Profit amounted to MSEK 238 (146).
- Earnings per share amounted to SEK 4.71¹ (2.86¹).
- Cash flow from operating activities amounted to MSEK 592 (260).
1) Before and after dilution.
Significant events during the third quarter
- Detailed planning of the intended expansion of the logistics centre in Örebro is continuing according to schedule, with construction on track to begin in 2027.
Events after the end of the period
- No significant events have occurred since the end of the period.
Comments from the CEO
“Alligo delivered continued organic growth and improved profit in the third quarter, despite a somewhat cautious market.”
“We have a strong platform and at the same time see many opportunities to further strengthen our position going forward.”
“During the quarter, we continued to develop both our sales management and our prioritisation in order to maximise the effect of our sales work.”
“We are not expecting a major overhaul, but I am convinced that the further developed strategy will make us even more relevant for our customers, strengthen Alligo as a workplace and create even better conditions for long-term profitable growth.”
Presentation of the interim report for the third quarter 2026
Alligo publishes its interim report for the third quarter 2026 on Friday, 23 October 2026, at 08:00 a.m. CEST. In conjunction with this, Alligo is pleased to issue this invitation to a webcast conference call in which Group President & CEO Samuel Alteborg and CFO & Deputy CEO Irene Wisenborn Bellander will present the report and answer any subsequent questions. The presentation will be held in English.
Date and time: Friday, 23 October 2026 at 11:00 a.m. CEST
Web link: www.alligo.com/en/report/q3-2026/
Telephone conference: https://register-conf.media-server.com/register/BIc09ccff873be4b099e506b3099e045c7
To participate in the conference call, you need to register via the link above before the conference starts. When you register, you will receive a phone number and a personal code.
Key figures
| Group | 2026 JUL–SEP | 2025 JUL–SEP | 2026 JAN–SEP | 2025 JAN–SEP | 30/09/2026 12 months to | 2025 JAN–DEC |
| Revenue, MSEK | 2,295 | 2,189 | 7,264 | 6,891 | 9,924 | 9,551 |
| Gross profit, MSEK | 944 | 906 | 2,969 | 2,810 | 4,082 | 3,923 |
| Gross margin, % | 41.1 | 41.4 | 40.9 | 40.8 | 41.1 | 41.1 |
| Operating profit, MSEK | 147 | 134 | 384 | 269 | 586 | 471 |
| Operating margin, % | 6.4 | 6.1 | 5.3 | 3.9 | 5.9 | 4.9 |
| Adjusted EBITA, MSEK | 168 | 158 | 468 | 376 | 707 | 615 |
| Adjusted EBITA margin, % | 7.3 | 7.2 | 6.4 | 5.5 | 7.1 | 6.4 |
| Return on equity, % | 9 | 7 | ||||
| Equity per share2, SEK | 80.46 | 73.57 | 80.46 | 73.57 | 80.46 | 74.89 |
| Equity/assets ratio, % | 41 | 38 | 41 | 38 | 41 | 39 |
| 1) Before and after dilution. | ||||||
| 2) Refers to equity attributable to the Parent Company’s shareholders. | ||||||
Message from the CEO
Samuel Alteborg, Group President and CEO
We have a strong platform and at the same time see many opportunities to further strengthen our position going forward.
Alligo delivered continued organic growth and improved profit in the third quarter, despite a somewhat cautious market. The strong performance in Finland was particularly pleasing, while development in Sweden and Norway was affected by a more reluctant market. During the quarter, I continued to spend a lot of time out in our businesses, at our customers and with our employees. We have a strong platform and at the same time see many opportunities to further strengthen our position going forward.
Third quarter
The third quarter brought continued improvement in profit and organic growth for the Group, with varied market development.
Revenue amounted to MSEK 2,295 (2,189), an increase of 4.9 per cent. There were the same number of trading days as in the comparison quarter and currency translation effects had an impact on revenue of 2.2 per cent.
Organic growth was 1.1 per cent (-2.7) and growth through acquisitions was 1.5 per cent (6.3).
Development in Sweden was weaker than expected during the quarter and the restraint shown by customers continued as before. The continued warm weather during the early autumn is suppressing demand for seasonal products to a certain extent and, overall, sales reduced organically slightly compared with the corresponding quarter of last year, while profit was also somewhat lower. Given the restrained market, we will continue to adapt the cost base going forward.
In Norway, organic sales decreased marginally during the quarter and profit was slightly lower than the previous year. Revenue and profitability continued to be negatively affected by reduced project volumes within oil and gas. In view of the sales trend, the cost base was adjusted during the quarter.
Finland provided the Group’s strongest performance during the quarter, with good organic growth and a clear improvement in profit. This highlights the long-term work we have done and is a result of both our efficiency programme and the efforts we have made to strengthen the business, develop our offering and increase sales activity on the market.
Adjusted EBITA for the quarter increased to MSEK 168 (158) and the adjusted EBITA margin increased to 7.3 per cent (7.2). The improvement in profit was driven by higher volumes and previously implemented efficiency measures.
Full focus on sales
Alligo has an incredible strength in the breadth of both customers and range. During the quarter, we continued to develop both our sales management and our prioritisation in order to maximise the effect of our sales work. We see great potential for developing and increasing sales through our digital channels. In September, the e-commerce platform was further upgraded, which unfortunately led to some disruption for customer traffic, but which will create new business opportunities for us in the long term. During the quarter, we launched a new packaging of our range in both Norway and Sweden, targeted at prioritised customer groups, and we are reviewing everything from pricing logic to how we cross-sell our range in the customer base. So far this year, we have seen a continued positive trend in our sales of services and our own brands, two key drivers of both growth and customer loyalty.
Further development from a strong foundation
My continued visits to the businesses and meetings with customers and employees have confirmed my view of Alligo as a company with strong customer relationships, a highly regarded customer offering and a strong common platform comprising expertise, store networks, logistics and IT. This foundation has been established gradually over a long period of time and our task now is to exploit these strong conditions to the full.
During the summer, we began an in-depth review of the company and we are working intensively to further develop and refine our strategy for the period to 2030. The strategy work is expected to be completed during the autumn and is based on our customers’ needs and our strengths as a company. We are not expecting a major overhaul, but I am convinced that the further developed strategy will make us even more relevant for our customers, strengthen Alligo as a workplace and create even better conditions for long-term profitable growth.