Sweden's Synsam Q4 net sales rise on spectacles subscriptions growth

Synsam AB (publ)

20/02/2026 06:38

Overview

Nordic optician group's Q4 net sales grew 9.4% yr/yr

Spectacles subscription sales rose 10.4% in Q4

Company's share buy-back program negatively impacted net debt by SEK 262 mln

Outlook

Synsam plans to open 3-5 new stores in Q1 2026

Company aims to scale up subscriptions and expand store network in 2026

Result Drivers

SUBSCRIPTION GROWTH - Net sales from spectacles subscriptions increased 10.4% in Q4, with a 7.5% increase in the customer base

STRONG REGIONAL PERFORMANCE - Sweden and Finland showed strong organic growth, with Finland achieving 27.1% growth in Q4

TECHNOLOGICAL ADVANCEMENTS - Synsam EyeView increased availability and capacity, enhancing eye health offerings in Sweden and Norway

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
SEK 1.78 bln
Q4 Adjusted EPS
SEK 0.85
Q4 Net Income
SEK 123 mln
Q4 EBITA
SEK 246 mln
Q4 EBITA Margin
13.40%
Q4 EBITDA
SEK 426 mln
Q4 EBITDA Margin
23.20%


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy."

Wall Street's median 12-month price target for Synsam AB (publ) is SEK77.50, about 25.4% above its February 19 closing price of SEK61.80

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nWkr3yqLCg

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(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.)