AAC Clyde Space AB (AAC) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Kvartalsrapporter with Investor Studios. Today with AAC Clyde Space, a company active in the space industry. Those of you who watch live can as always ask questions directly to management and you do so in the live chat. We will handle the questions at the end of the presentation. If you do not get an answer to your question, you will then be referred to the company's website. On a link from Glasgow, we have with us Luis Gomez, CEO of AAC Clyde Space. And since the CEO is English speaking, the presentation will now continue in English. Luis, nice to see you. How are things in Glasgow? Good morning, Carlo. They're okay, they're good. The weather isn't great. Business keeps going. Excellent. Well, Luis, please walk us through the Q3 and give us a glimpse on the future ahead. The floor is yours. Thank you very much. Just asking the slides. Thank you very much. If we go on to the next, to the first slide. So we have a strong or reasonably strong third quarter for the year. Our net sales were slightly down on last year for the same quarter, but last year we were coming back off a bad second quarter, so we had a bit of a spike in the third quarter. We usually expect this to be a quarter slightly slower in relation to others because there are holidays, summer holidays, summer breaks for ourselves and for our suppliers and also for our customers. So we usually expect to be a slightly quieter quarter. But nevertheless, we maintained the positive habitat. And the thing that we were less happy about was the cash flow that was very negative. But we expected that to some extent because we had large prepayments on many projects that we were now paying suppliers, we were paying subcontractors. And that is part of the reality of our business that this goes up and down. dur...