Afry Ab (AFXXF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.149 -- 00:00:05.659 Good morning everyone and warm welcome to our presentation of AFRIS Q3 00:00:05.659 -- 00:00:07.659 results. 00:00:08.364 -- 00:00:13.674 I will begin with some of the highlights from the quarter and then our CFO Bo 00:00:13.674 -- 00:00:19.582 Sandström will provide a more detailed overview of the financials. 00:00:22.559 -- 00:00:27.726 So in the third quarter, we delivered stable results and improved 00:00:27.726 -- 00:00:30.968 our EBITDA margin to 6.4%. 00:00:31.731 -- 00:00:37.719 We also saw positive development of the order backlog, which increased 3.6% compared 00:00:37.719 -- 00:00:41.625 to the same period last year, or 5.3% 00:00:41.625 -- 00:00:44.966 when adjusted for currency effects. 00:00:45.712 -- 00:00:51.180 We achieved this despite a decline in net sales, with a total year-over-year growth 00:00:51.180 -- 00:00:53.841 of minus 5.1%. 00:00:55.066 -- 00:01:00.614 Similar to what we saw in the second quarter, currency effect had a significant negative 00:01:00.614 -- 00:01:05.861 impact on sales. For Q3, it amounted to minus 118 00:01:05.861 -- 00:01:08.682 million Swedish crowns. 00:01:09.100 -- 00:01:14.147 Sales volumes were also impacted by a challenging market we experienced in parts of 00:01:14.147 -- 00:01:19.271 our business, mainly in our global division industry. 00:01:20.336 -- 00:01:25.383 The third quarter was also the first within our new group structure and our three global 00:01:25.383 -- 00:01:27.383 divisions. 00:01:27.566 -- 00:01:33.294 Under the new group structure, we have intensified our efforts to improve utilization 00:01:33.294 -- 00:01:37.136 and to structurally address the cost base. 00:01:37.248 -- 00:01:42.841 As part of this, we have continued executing on the restructuring agenda th...