ITABNasdaq StockholmIndustrialsIFRS · SEK

ITAB Shop Concept

ITAB Shop Concept AB is a Swedish retail-solutions company that designs, manufactures, and implements store concepts, shop fittings, lighting systems, and related services for physical retail environments. Its business combines product supply with project execution and solution design for retailers across multiple markets, supported by a broad production and service footprint.

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Revenue12.8bn SEK
+94.1 %y/y
Operating profit (EBIT)580m SEK
+26.4 %y/y
EBIT margin4.5%
−2.4 ppy/y
Net income158m SEK
−50.8 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

051015bn SEK2021: 6.2 bn SEK2021: EBIT 0.22 bn SEK20212022: 6.9 bn SEK2022: EBIT 0.40 bn SEK20222023: 6.1 bn SEK2023: EBIT 0.43 bn SEK20232024: 6.6 bn SEK2024: EBIT 0.46 bn SEK20242025: 12.8 bn SEK2025: EBIT 0.58 bn SEK2025TTM 2026: EBIT 0.55 bn SEKTTM0.55
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year
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Business

Share of revenue
Retail interior equipment35 %

Standard and custom shop fittings, fixtures, and display solutions for stores.

Lighting systems20 %

Professional lighting products and light planning services for retail environments.

Retail transformation services25 %

End-to-end services covering design, sourcing, rollout, and execution of store refresh projects.

Solution design and concept development10 %

Co-creation work that turns retailer requirements into store concepts and layouts.

Project management and installation10 %

Coordination of complex retail programs, delivery, and onsite implementation.

Customers

ITAB sells to retailers that need physical store concepts, equipment, and rollout support, especially in formats where store experience and operational efficiency matter. Reported customer groups include grocery and other large retail chains, with projects often tied to store refreshes, new openings, and concept upgrades. The business is built around long-term relationships with major retail customers that want a single partner for design, supply, and execution.

Grocery retailers

Buy shop fittings, lighting, and transformation services for supermarkets and food retail formats.

Large multi-site retail chains

Buy standardized and custom store concepts for rollouts, refurbishments, and new openings.

Specialty and branded retail

Buy display and concept solutions that strengthen brand presentation and customer experience.

Retail project owners and contractors

Buy project management, sourcing, and onsite execution for complex store programs.

Strategy

ITAB’s strategy centers on delivering profitable growth through organic expansion and acquisitions, while strengthening its position as a retail transformation partner. The company emphasizes differentiated solutions, sustainability, and deeper customer partnerships, using design, technology, and execution capabilities to stay relevant as retail formats evolve.

Deliver profitable growthMedium term

The company wants to expand sales while maintaining a disciplined operating model across retail projects and products.

Differentiate in the marketMedium term

Integrated design, lighting, fixtures, and execution help ITAB win complex retail programs and retain large customers.

Become better togetherMedium term

The group is integrating capabilities and legacy brands to create a more unified offering and operating platform.

Deliver sustainability at the coreLong term

Energy-efficient, reusable, and circular solutions can improve customer appeal and support regulatory expectations.

Geography

ITAB operates across multiple geographies through a network of production facilities, suppliers, and customer support capabilities. The reports describe a global retail business with international customer relationships and solution design expertise deployed across its geographies, rather than a single-country model. Geography matters because retail formats, store concepts, and project execution requirements vary by market, while supply chain and production footprint affect delivery reliability.

Risks

ITAB is exposed to changes in retail formats, customer spending, and project timing because demand depends on store investment cycles and retailer confidence. It also faces operational risks tied to raw materials, supply chains, IT systems, customer concentration, and integration of acquired businesses, while its project-based model can amplify execution and pricing risk.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Changes in the retail market and product relevance1Macroeconomic weakness2Customer concentration3Goodwill impairment and acquisition integration4Raw material and energy price volatility5IT and cyber security6
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Changes in the retail market and product relevanceImpact: HighLikelihood: Medium

    Retailers are shifting toward smaller, digitally enabled stores, which can change demand for fixtures and store concepts.

    ExposureStore fittingsConcept designRetail transformation services
  2. Macroeconomic weaknessImpact: HighLikelihood: Medium

    Retail customers may postpone refurbishments and new openings when consumer demand or financing conditions weaken.

    Exposure: Project-based retail investment demand

  3. Customer concentrationImpact: HighLikelihood: Medium

    A limited number of large retail customers can create volatility if projects are delayed or lost.

    Exposure: Large retail chains and grocery customers

  4. Goodwill impairment and acquisition integrationImpact: HighLikelihood: Medium

    The group carries significant acquired assets and must integrate systems, processes, and customer bases successfully.

    Exposure: Acquired businesses and intangible assets

  5. Raw material and energy price volatilityImpact: MediumLikelihood: Medium

    The business depends on materials and energy for production, and cost spikes can pressure project economics.

    Exposure: Manufacturing and supply contracts

  6. IT and cyber securityImpact: MediumLikelihood: Medium

    Orders, warehousing, production, and delivery depend on reliable IT systems and third-party support.

    Exposure: Enterprise systems and logistics operations

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Accounting

Judgemental items
Revenue recognition

Product sales are recognized on delivery, while concept sales with services are recognized over time, affecting timing of revenue and profit.

Impact: Quarterly comparability and project margin recognition

Derivative and hedge accounting

Currency and interest-rate derivatives are used for hedging and measured at fair value under level 2 inputs.

Impact: Other comprehensive income and net financial items

Goodwill impairment

Goodwill is tested against recoverable amount using cash flow forecasts, growth assumptions, and discount rates.

Impact: Potential non-cash impairment charges

Expected credit losses

Trade receivables and other financial assets require forward-looking loss allowances under IFRS 9.

Impact: Bad debt provisions and earnings volatility

Deferred tax estimates

Deferred tax assets depend on future taxable profits across jurisdictions.

Impact: Tax asset recognition and effective tax rate

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Last updated: 24/09/2026

ITAB Shop Concept (ITAB) Revenue, Earnings & Financials 2025 – Clarifo