B3 Consulting Group Ab · OMXSTO:B3
B3 Consulting Group Ab — Q3 2026 Earnings Presentation
18 slides from B3 Consulting Group Ab's earnings presentation, Oct 28, 2026
Slide 1: B3 Consulting Group Q3 presentation 2026
Slide 2: Presenters
Daniel Juhlin André Karlsson Johanna Selin CEO CFO Moderator Jonas Elgquist Andreas Eriksson CEO Rebel and Bird Head of Sales Rebel and Bird
Slide 3: Highlights Q3 2026
Highlights Q3 2026 - 3.4% growth and 4.7% EBIT | Utilization rate 83.5% • Revenue 228,2 (236,2) MSEK, - 3.4% growth • EBIT 10.6 (7.5) MSEK, EBIT margin 4.7 (3.2) % • Profit after tax - 2.7 ( - 1.2) MSEK, refinancing of the bond results in a one - off financial cost of 6.6 MSEK • Earnings per share b
Slide 4: Financial overview Q3 2026 – Group
Financial overview Q3 2026 – Group Strongest Q3 EBIT margin since 2022. SEK 6.6m in one - off bond refinancing costs impacting profit after tax Q3 Jan-Sep Jan-Dec Extract of B3's key figures 2026 2025 Δ% 2026 2025 Δ% 2025 Net Sales, SEK million 228,2 236,2 -3,4% 789,4 847,5 -6,9% 1 136,3 EBITA, SEK
Slide 5: Financial overview Q3 2026 – B3 Sweden
Financial overview Q3 2026 – B3 Sweden Revenue decline moderates, EBIT margin slightly improves Q3 Jan-Sep Jan-Dec Extract of B3 Sweden key figures 2026 2025 Δ% 2026 2025 Δ% 2025 Net Sales, SEK million 189,8 197,5 -3,9% 676,9 726,8 -6,9% 981,6 EBITA, SEK million 6,9 6,4 7,9% 24,3 24,7 -1,6% 41,7 EBI
Slide 6: Financial overview Q3 2026 – B3 Poland
Financial overview Q3 2026 – B3 Poland Sustained strong profitability, with segment growth of 1.4% in local currency Q3 Jan-Sep Jan-Dec Extract of B3 Poland key figures 2026 2025 Δ% 2026 2025 Δ% 2025 Net Sales, SEK million 38,4 38,5 -0,3% 112,5 119,8 -6,1% 156,0 EBITA, SEK million 4,2 4,0 5,0% 12,1
Slide 7: Utilization rate
Utilization rate Stable utilization in Sweden Q3 0,3 85,7 85,9 86,6 84,4 84,9 • Improvement in SE but still mixed 82,7 83,0 83,7 83,5 performance across subsidiaries and 80,3 81,2 79,1 geographies 78,4 • Performance at a stable high level in Poland 80,3% 81,2% 78,4% 82,7% 79,1% 82,7% 81,0% 82,2% 79,
Slide 8: Revenue breakdown
Revenue breakdown Improved KPIs do not fully offset fewer FTEs - 3,4 % 2 2 1 4 0 236 1 • In many subsidiaries, further growth 228 is limited by capacity, making 14 recruitment a key priority • Growth in HRU's recruitment business contributes to stronger YoY growth in Product/Licenses Net sales Produ
Slide 9: New assignments
New assignments Strong sales activity during the quarter, resulting in a significant number of new assignments. • New assignments and extensions from key clients, including VARO Preem, Epiroc, Sandvik and public sector authorities • Continued high activity in the banking and insurance sector, securi
Slide 10: Slide 10
Slide 11: AI at B3
AI at B3 AI has moved from pilot to production: Deliveries are growing across B3, with four areas in focus and AI reshaping our own delivery model. EXAMPLES WITHIN THE FOUR FOCUS AREAS Agentic Agents in Secure data AI transformation development production foundation Agents build, our Live in operati
Slide 12: Summary and focus going forward
Summary and focus going forward Improved Profitability, Focus on Recruitment, and Continued Growth in AI • Strongest Q3 EBIT margin since 2022, driven by cost - saving measures (Fit for Growth) • Good performance across several subsidiaries, supported by improving demand • Recruitment remains a prio
Slide 13: Q&A
Q&A
Slide 14: APPENDIX
APPENDIX
Slide 15: Revenue and profit
15 Q3 235,8 1 087 Q4 332,3 Q1 324,6 Q2 299,3 2023 Q3 223,3 1 180 Q4 293,6 Q1 281,3 Q2 266,4 2024 1 087 Q3 245,4 Q4 336,2 Q1 316,8 Q2 294,5 2025 Revenue MSEK per quarter and R12 Q3 236,0 1 184 Development over the past five years Revenue and profit Q4 288,8 Q1 280,6 Q2 280,5 2026 1 078 Q3 228,2 Q1 40
Slide 16: Distribution across different industries
Distribution across different industries B3 operates in several interesting industries driven by digitalization Revenue share per industry Jul - Sep 2026 (Jul - Sep 2025) Banking, finance, insurance 19% (18%) Industry 19% (17%) Government agencies, municipalities 19% (17%) Care 7% (11%) IT, media, e
Slide 17: Share per segment
Share per segment Sweden expands its profit share, while Poland continues to deliver profitability well above its size Revenue, share per business area EBIT, share per business area 2026 Q3 2025 Q3 2026 Q3 2025 Q3 83,2% 83,7% 61,7% 61,5% 38,3% 38,5% 16,8% 16,3% B3 SWEDEN B3 POLAND B3 SWEDEN B3 POLAN
Slide 18: ni
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