Addtech AB (publ.) (ADDT_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and most welcome to Adtech's third quarter report presentation. We will use approximately 20 minutes to summarize and give our comments on the result and then followed by a Q&A session. Before we dig into that, a very quick summary of the key fundamentals of Adtech. We are a group of plus 150 independent and strictly decentralized companies in 20 countries with a clear business to business offering. We operate now in six business areas, all with clear strategies and value propositions centered around niche products and solutions primarily to manufacturing and infrastructure sectors. Since this is the first quarter according to the new organization, I will come back with a few comments to that a bit later. We have a dual growth engine. Our focus is to develop and grow our businesses organically together with our entrepreneurs running the data operations and then complement the strategic niches with acquiring leading niche companies with a strong offering. And we fund our growth by own cash flow. Science-wise we have a turnover of approximately 22 billion SEK and run the operations with an EBITDA margin around 15% with a small and efficient central team. Now over to the quarter and some highlights. We sum up another solid quarter with a high demand, good earnings growth and a high acquisition pace. We increased our net sales by 1% of which 1% was organic and the negative currency effect of 3%. And bear in mind that even if the market situation has partly improved during the year, it is partly dampened the kind of general business cycle. We report a solid EBITDA growth of 9% with an improved margin of 15.6 compared to 14.4 in the same quarter last year. So a very strong margin. Our cash flow also strengthened from high levels and we signed four acq...