Redeye previews Enea’s Q3 2026 report, due on 22 October at 07:20 CEST, with a conference call at 08:30 CEST. Q2 disappointed the market on growth as net sales fell 3% y/y (-1% currency-adjusted), while adj. EBITDA met expectations. Redeye expects Q3 net sales of SEK226m, up 6% y/y, a return to growth that the market should welcome. The Growth portfolio should grow 10% currency-adjusted, close to Q2’s 11%, while Classic shrinks 8% organically. That is far better than Q2’s -29%, but a slower recovery than the +0.5% Redeye had expected, so Redeye cuts its Q3 net sales estimate by 1% and its adj. EBITDA estimate by 11%, to SEK70m, flat y/y. The implied 31% margin fits Enea’s 2026 guidance of above 30%, and Redeye’s EBITDA estimate is 3% above consensus.
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