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BUSINESS AREA

Labtech

The Labtech business area provides products, solutions and services in fields such as diagnostics, biomedical research and laboratory analysis. The business area consists of two business units: Biomedical and Research and Diagnostics. The most important customer groups are hospital laboratories, academic research and pharmaceutical companies in Europe.

Labtech
  Q3 Q3 ∆ Jan-Sep Jan-Sep ∆ Oct 2025- Full year
SEKm 2026 2025 % 2026 2025 % Sep 2026 2025
Net sales 983 906 8 3,025 2,880 5 4,098 3,953
Organic growth, % 2 9   2 9     5
EBITA 115 102 14 386 343 12 538 495
EBITA margin, % 11.7 11.2   12.8 11.9   13.1 12.5
Adjusted EBITA 126 102 24 397 343 16 549 495
Adjusted EBITA margin, % 12.9 11.2   13.1 11.9   13.4 12.5

THIRD QUARTER

Net sales in Labtech increased by 8 percent to 983 million (906). Organic growth amounted to 2 percent and acquired growth to 5 percent. Exchange rate effects had a positive impact on net sales of SEK 10 million, corresponding to 1 percent.

Adjusted EBITA increased by 24 percent to SEK 126 million (102), corresponding to an adjusted EBITA margin of 12.9 percent (11.2). Adjusted EBITA excludes the remeasurement of contingent considerations, which amounted to SEK -11 million. Exchange rate effects had a positive impact of SEK 2 million on EBITA, corresponding to 2 percent.

JANUARY – SEPTEMBER, 2026

Labtech’s net sales increased by 5 percent to SEK 3,025 million (2,880). Adjusted for exchange rate effects, net sales increased by 6 percent, of which organic growth increased by 2 percent and acquired growth amounted to 4 percent. Exchange rate effects had a negative impact on net sales of SEK 20 million, corresponding to 1 percent.

Adjusted EBITA increased by 16 percent to SEK 397 million (343), corresponding to an adjusted EBITA margin of 13.1 percent (11.9). Adjusted EBITA excludes the remeasurement of contingent considerations, which amounted to SEK -11 million. Exchange rate effects had a negative impact of SEK 1 million on EBITA, corresponding to 0 percent.

Chart: Net sales quarter
Chart: Net sales January – September

Labtech performed well during the quarter, both organically and with a clear contribution from acquisitions. Within diagnostics, demand remained stable and strong, particularly in blood gas analysis, pathology, point-of-care testing, molecular diagnostics, automation, service and specialized coagulation. Within research, activity was seasonally lower during the summer, primarily due to a lower level of instrument deliveries. Development in Eastern Europe remained strong, driven by solid underlying market growth and investments in advanced technology. Several new products were added to the portfolio during the quarter, including products within immunohematology and transfusion medicine, which are expected to contribute to further growth going forward.

The business in Southern Europe was strengthened through the acquisition of Unicam, a distributor of advanced laboratory equipment to universities, research institutes and industrial customers.

 

Chart: Net sales
Chart: Net sales per market January – September 2026
Chart: Adjusted EBITA
Chart: Adjusted EBITA margin (%)

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