Operator
Welcome to the Embellence Group Q3 2026 report presentation. [Operator Instructions] Now I will hand over the conference to the speakers, President and CEO, Johan Andgren; and CFO, Karin Liden. Please go ahead.
Johan Andgren
President & CEO
Thank you very much, and very much welcome to Embellence Group’s interim report for the third quarter of 2026. My name is Johan Andgren, and I’m the CEO of the group. And together with me today is Karin Liden, who is our CFO.
Today, we’ll start to go through the development in the third quarter. We will then look at some of the organizational changes that we have made recently, followed by a closer look at sales performance across our brands and update on our strategic focus areas. Since we are a group of several strong and distinctive brands, we will also look at some of the key developments across the portfolio. After that, Karin will take us through the financials in more detail before we end with a summary and a look ahead.
So let’s start by looking at the business and what we achieved during the third quarter. Q3 was a quarter of modest growth, improved gross margin and strong cash flow. Our net sales increased by 3% to SEK 178 million compared to SEK 174 million last year. Currency-adjusted organic growth was 2%, while the impact of a weaker Swedish krona had a positive effect of approximately 1 percentage point in reported sales.
4 out of our 5 brands grew in the quarter, and our
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