SmartCraft restructures into four business areas, reports historical data

SmartCraft ASA has reorganized its operations from a country-based model to a business area-driven structure, effective October 1, 2025. This strategic shift creates four new financial segments: Electro, HVAC & Plumbing, SME Construction, and Enterprise, aiming to accelerate execution, strengthen its scalable platform for international growth, and improve transparency. The company will begin reporting under this new structure with its Q4 2025 report.

To provide historical context, SmartCraft released restated quarterly financial data for these new segments from Q1 2023 to Q3 2025. Total revenue for Q3 2025 stood at NOK 137.8 million, with SME Construction contributing NOK 53.0 million, Electro NOK 16.9 million, HVAC & Plumbing NOK 32.0 million, and Enterprise NOK 35.8 million. Organic growth figures for Q3 2025 show SME Construction at 7.6%, Electro at 9.5%, HVAC & Plumbing at 2.1%, and Enterprise at -4.5%.

Adjusted EBITDA per segment for Q3 2025 totaled NOK 54.1 million, with SME Construction leading at NOK 29.8 million, followed by HVAC & Plumbing at NOK 16.2 million, Enterprise at NOK 4.3 million, and Electro at NOK 3.8 million. Corresponding Adjusted EBITDA margins for Q3 2025 were 56.2% for SME Construction, 22.3% for Electro, 50.7% for HVAC & Plumbing, and 12.0% for Enterprise.