Seafire: Q3: Adj. EBITA +43% y/y and +32% vs SEB, M&A driving the beat - SEB
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Seafire: Q3: Adj. EBITA +43% y/y and +32% vs SEB, M&A driving the beat - SEB

Seafire delivered a mixed quarter, where a strong M&A contribution outweighed temporarily weaker organic development. Cash flow was negatively impacted by NWC build-up, however management points to improvements in Q4/26. Management argues that underlying demand is stable with a positive trend, and that restructuring measures should take full effect at the beginning of 2027. Management states that it has several M&A discussions ongoing.

Seafire delivered a mixed quarter, where a strong M&A contribution outweighed temporarily weaker organic development. Cash flow was negatively impacted by NWC build-up, however management points to improvements in Q4/26. Management argues that underlying demand is stable with a positive trend, and that restructuring measures should take full effect at the beginning of 2027. Management states that it has several M&A discussions ongoing.
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