Arjo AB (publ) (ARJO_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Arjo Q3 presentation for 2025. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to interim president and CEO Niklas Choseverd and CFO Christopher Carlson. Please go ahead. Hello and good morning to everyone and welcome to Arjo's Q3 2025 earnings call. With me here today, I have Christoffer Karlsson, our CFO. We will give you some details on the quarter three report that we released an hour ago. The agenda looks as usual and includes a summary of activities and results from quarter three, the balance sheet items and outlook for 2025 before we open up for questions. We intend to keep this call to an hour and finish no later than nine o'clock. Next slide, please. We closed the third quarter in a solid way and could see how demand continued in the quarter with organic net sales growth well in line with our targeted range and as expected, sequentially higher than first half of the year. We had continued strong momentum for our service business and now also supported by stronger growth in our capital sales, while our rental business was slower this quarter. Our North America business is showing stable growth also this quarter, while global sales is now delivering from a strong order book and healthy customer demand and is showing the strongest growth quarter for several years. This altogether makes us close the quarter with plus 3.8% organic net sales growth for the group. We continue to have materially higher order book than the same period last year, and we are looking forward to a strong finish of the year in Q4. Our gross margin came in at 41.1% compared to last year, 42.0%. We continue to get support from lower material cost and price ad...