Smartoptics Group ASA Reports Strong Q3 Growth Across All Regions
Smartoptics Group ASA has reported significant revenue expansion across its global markets for the third quarter. The Americas region led growth with an 86% increase to $20.2 million, followed by substantial gains in EMEA (72%) and APAC (75%). This widespread regional performance contributed to a strengthened financial position. Profitability metrics showed marked improvement, with the EBIT margin rising by 12 percentage points to reach 20.6%. The company maintained a gross margin of 49.5%, consistent with previous periods, while generating a robust operating cash flow of $7.6 million. Looking ahead, management remains committed to its mid-term revenue target of $300M-$400M, projecting an average annual growth rate of at least 25% starting from 2026.
Topics: profitability quarterly earnings regional performance revenue growth
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Part of the story Smartoptics Reaffirms Mid-Term Revenue Targets Following 80% Q3 Growth (3 articles)