This Research Note explores the business activities and financial highlights of the Fagerhult lighting group, based on their 2025 results, investor presentation, and their latest annual report. This article updates our previous coverage of the group in March 2025. Fagerhult Profile The Fagerhult Group is one of Europe’s leading lighting companies with 4,100 employees in 27 countries and a turnover of 7,891 MSEK in 2025. Based in Habo, Sweden, the company offers 13 brands organized into four business areas: Collection, Premium, Professional, and Infrastructure. All brands produce professional lighting solutions with a focus on office, education, healthcare, retail, and outdoor applications. Group Financial Highlights 2025 Net sales were MSEK 7,891 (8,305), a decrease of -5.0% adjusted to -5.8% for currency effects and acquisitions of MSEK 65. Operating profit before IAC was MSEK 607 (741), down -18.1% with an operating margin before IAC of 7.7% (8.9%) The CEO commented: “A consistent focus for 2025 has been […]