Sweden's Metacon Q3 revenue declines, loss widens on higher costs

Metacon AB (publ)

04/11/2026 07:09

Overview
Sweden hydrogen systems maker's Q3 revenue fell yr/yr
Q3 EBITDA loss widened compared to last year
Higher project costs weighed on earnings due to non-recurring factors and time pressure

Outlook
Company did not provide specific financial guidance or outlook for the current or future periods in its press release 
Company expects new hydrogen system solutions to improve cost efficiency and market reception

Result Drivers
HIGHER PROJECT COSTS - Co said significantly higher costs in a major project, driven by time pressure to meet a customer funding deadline, weighed on earnings
NEW SYSTEM LAUNCHES - Co launched new system solutions for more cost-efficient hydrogen production, which it said were well received by the market

Company press release: ID:nWkr3Kx6yB

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
SEK 34.50 mln
SEK 43 mln (1 Analyst)
Q3 Loss Per Share
 
SEK 0.02
 
Q3 EBIT
 
-SEK 29.50 mln
 
Q3 EBITDA
 
-SEK 25.20 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the renewable energy equipment & services peer group is "buy"
Wall Street's median 12-month price target for Metacon AB (publ) is SEK0.12, about 39.5% above its November 3 closing price of SEK0.09

Reuters Recommended Reads
Nov 4 - Sweden's Orron Energy returns to positive EBITDA in Q3 
Nov 3 - Sweden's Eco Wave Power Q3 net loss narrows 47%, operating expenses down 25%
Nov 4 - Sweden's Climeon Q3 operating loss narrows

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)