Waystream (Q3 Initial take): Strong growth with margins in line - Redeye
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Waystream (Q3 Initial take): Strong growth with margins in line - Redeye

Waystream delivered strong growth in Q3, with sales increasing 38% y-o-y and organic growth reaching 24%, although sales came in 7% below our expectations. Profitability was broadly in line, with an EBITDA margin of 16%, while gross margin was slightly better than expected. Continued momentum among Nordic operators, the contribution from Tellus Fiber and improving production capacity support our positive view on the growth outlook.

Waystream delivered strong growth in Q3, with sales increasing 38% y-o-y and organic growth reaching 24%, although sales came in 7% below our expectations. Profitability was broadly in line, with an EBITDA margin of 16%, while gross margin was slightly better than expected. Continued momentum among Nordic operators, the contribution from Tellus Fiber and improving production capacity support our positive view on the growth outlook.
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