Swedish Companies Report Strong Profit Growth in Q3 2026
Major Swedish companies including Sats, Assa Abloy, Alfa Laval, and Storytel report significant profit growth in Q3 2026, underscoring strong business performance.
Key details
- Sats operating profit rose 35%, revenue up 7%, plans 8-12 new gyms annually.
- Assa Abloy operating profit reached 7.1 billion kronor, beating forecasts, revenue grew 7%.
- Storytel gained 80,000 new subscribers, total 2.83 million, net revenue increased 20%.
- Alfa Laval's order intake rose 36%, revenue grew 8%, but expects Q4 demand dip.
Several leading Swedish companies revealed robust profit increases in the third quarter of 2026, reflecting a positive economic trend.
Fitness chain Sats saw its revenue rise by 7% and operating profit surge 35%, with CEO Sondre Gravir emphasizing their aim to inspire more people towards fitness and plans to open 8 to 12 new gyms annually. Meanwhile, security giant Assa Abloy exceeded expectations with an 11% rise in operating profit to 7.1 billion kronor, alongside a 7% revenue increase to 40.8 billion kronor, surpassing analyst forecasts.
Storytel, the audiobook platform, marked its largest subscriber gain since 2023 by adding 80,000 paying customers in Q3, bringing the total to 2.83 million—a 7.6% year-over-year increase. This growth helped lift net revenue to 1.2 billion kronor, up from 1 billion kronor the previous year, and boosted operating profit by 16% to 176 million kronor.
Alfa Laval reported a 36% jump in order intake and an 8% revenue increase to 18.6 billion kronor. Its pre-tax profit slightly rose to 3,050 million kronor, although the company forecasted weaker demand heading into the fourth quarter.
These strong quarterly results, released as the Stockholm stock market prepares to open slightly lower, point to sustained corporate profitability among Sweden's major players amid mixed global market trends.