-
AQ Group reported third quarter 2026 sales of SEK 2,566 million and net income of SEK 205 million, with earnings per share from continuing operations of SEK 2.23, alongside nine-month revenue of SEK 7,610 million and profit of SEK 586 million.
-
The latest figures show higher net income and earnings per share than a year earlier for both the quarter and nine-month period, which points to improved profitability despite earlier concerns about weaker demand in several end markets.
-
Next, the focus will be on how AQ Group's higher earnings per share may reshape the existing investment narrative around acquisitions and margins.
Scan AQ Group's latest earnings in context by comparing it with hand picked industrials on our list of solid balance sheet and fundamentals (202 results) .
AQ Group Investment Narrative Recap
Owning AQ Group means believing the industrial cycle in electrification, rail, and defense can support steady orders while acquisitions are integrated without hurting returns. The latest report shows higher net income and earnings per share for both the quarter and nine month period, which supports that thesis operationally. For the near term, the key swing factor is whether management can keep margins firm while organic demand in weaker segments stabilises.
The biggest risk still sits in the mix of softer markets and integration work in units like mdexx, which has been loss making. Capacity constraints and slower inventory turnover also hang over execution. The fresh earnings numbers do not remove those issues. However, they give management a bit more room to keep investing in productivity fixes without sudden financial pressure.
The most relevant information today is AQ Group's third quarter and nine month earnings announcement to 30 September 2026. Sales reached SEK 2,566 million in the quarter and SEK 7,500 million for the nine month period, with net income of SEK 205 million and SEK 586 million respectively. Earnings per share from continuing operations also came in higher than a year earlier.
For you as a shareholder, that update sits right next to the existing catalysts around contract wins in electrification and rail and the ongoing plan to buy 2 to 4 factories per year. Stronger earnings give the business more flexibility to handle acquisition integration, work through inventory, and address capacity bottlenecks without having to pull back on those growth focused projects too quickly.
AQ Group Consensus Growth Assumptions
Analysts looking at AQ Group are effectively betting that today's earnings base can stretch further without breaking the business model. Their models build in rising contribution from electrification and rail, plus cleaner execution in the acquired units. It is therefore useful to translate those forecasts into a few concrete numbers you can track.
AQ Group's narrative projects SEK 12.4 billion revenue and SEK 1.0 billion earnings by 2029. This implies 9.7% yearly revenue growth and an earnings increase of about SEK 297 million from SEK 703.0 million today.
Uncover why AQ Group's fair value indicates a 10% potential downside to its current price, a premium that may not hold.
Exploring Other Perspectives
The two fair value estimates from the Simply Wall St Community cluster between SEK 227 and about SEK 244, which already illustrates how differently AQ Group can be priced by various retail investors. In that context, the combination of weaker organic sales and acquisition integration work gives you clear reasons to consider multiple viewpoints before acting.
Explore another AQ Group fair value estimate , including one that suggests it could be worth as much as SEK 244.40.
Form Your Own Verdict
Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.
-
A great starting point for your AQ Group research is our analysis highlighting 2 key rewards that could impact your investment decision.
-
See our latest analysis for AQ Group. The report includes a comprehensive fundamental analysis summarized in a single visual, the Snowflake, making it easy to evaluate AQ Group's overall financial health at a glance.
Looking For More Investment Ideas Beyond AQ Group?
If AQ Group is on your radar, it often helps to benchmark it against a wider set of opportunities that fit different portfolio goals. The Simply Wall St Screener can surface stocks with specific qualities so you can compare business quality, income potential, and risk profile side by side.
-
For investors hunting for stronger balance sheets, you could compare AQ Group with a list of solid balance sheet and fundamentals (202 results) that pair financial resilience with solid fundamentals.
-
If value is your focus, broaden your watchlist with 198 high quality undervalued stocks that combine healthy cash generation with what our models view as discounted prices.
-
Income seekers who care about reliability may want to line AQ Group up next to 220 dividend fortresses that aim to provide higher yields while still keeping an eye on stability.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AQ.ST .
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
