ITAB Q3 2025 Results reveal strong momentum for the Swedish retail technology group after completing its acquisition of HMY earlier this year.
The company, a leading supplier of self-checkouts, smart gates, and store-design systems for major supermarket chains, reported net sales up 112% to MSEK 3,297 in the third quarter. Currency-adjusted sales rose 115%, including 8% organic growth and 107% from HMY.
Operating profit before depreciation and amortization (EBITDA), excluding non-recurring items, climbed to MSEK 369, from MSEK 154 a year earlier. Operating profit rose to MSEK 220, with an operating margin of 6.7%, compared with 4.4% last year.
For the first nine months of 2025, ITAB reported net sales of MSEK 9,358, up 94% year-on-year, driven by the HMY consolidation and steady demand across key markets.
Why It Matters
The performance marks a major step for ITAB in consolidating its leadership in supermarket infrastructure and automation. The expanded group now serves some of Europe’s largest grocery retailers, upgrading their stores for self-service and checkout efficiency.
During the quarter, ITAB secured a contract with one of the UK’s largest grocery chains to install smart gates in over 200 stores. It also signed a deal with a major European DIY and home improvement group for new store projects in Italy.
From December, the company will begin self-checkout deliveries for multiple European supermarket groups — a project estimated at up to €27 million through 2026–2027.
President and CEO Andréas Elgaard said the integration of HMY has started generating positive synergies, with efficiency gains and new sales opportunities already visible. Pro forma, adjusted EBIT for the combined group rose 13% to MSEK 260.
ITAB also announced a leadership transition, with Björn Borgman appointed as the next President and CEO effective May 2026, and Glauco Frascaroli to serve as interim CEO from January to April 2026.
Note: Information for this article is based on the official ITAB Shop Concept AB Interim Report for Q3 2025, published on 30 October 2025. All figures and company details were verified from the company’s investor-relations materials before publication.
