Various European companies report Q3 2026 financial results

A series of European corporations released third-quarter 2026 financial updates and strategic announcements.

In the technology and semiconductor sectors, Comet reported a 52% increase in net sales to 155.6 million CHF, driven by the AI boom, and raised its full-year forecast. Intershop Communications reported a positive EBIT of 0.2 million EUR despite a revenue decline, supported by 29% growth in cloud order intake.

Telekom Austria AG reported a 4.6% increase in revenue compared to Q3 2025, with a 9.9% increase in net income for the first nine months. Meanwhile, ABB Ltd reported strong third-quarter performance with orders exceeding $12 billion and its strongest Q3 EBIT margin ever at 19%.

In industrial and manufacturing news, Zehnder Group announced the liquidation of its joint venture in China and the closure of its Dachang production site to consolidate operations in Pinghu, resulting in approximately 80 job cuts. Lenzing AG reported a 99% subscription rate for its recent capital increase, involving over 34 million new shares.

Other corporate activities included RWE Aktiengesellschaft conducting share buybacks under its employee program and Scherzer & Co. AG continuing its share repurchase program.