Axactor ASA (0QIG) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the X-Acto ASA Q3 2025 results presentation. My name is Alex. I'll be coordinating today's call. If you'd like to ask a question at the end of the presentation, please press star followed by one on your telephone keypad. Or if you've joined us via the webcast, please type your question into the Q&A text box. I'll now hand it over to Johnny Solis, CEO, to begin. Please go ahead. Good morning and welcome to AXAktor's third quarter presentation. By my side, I have Nina Mortensen, our CFO. This presentation will be divided into four parts. First, I will take you through Q3 highlights. Then Nina will present the financials before I give an updated outlook. We will round off with a Q&A session. Let us move to slide three and have a look at the highlights for the quarter. In Q3, AXAktor delivered double-digit revenue growth with solid contributions from both segments. Gross revenue grew by 11% year over year and total revenue growth was 12%. It was also positive to see that the contribution margin increased by 2 percentage points. The numbers are adjusted for the divested portfolios in Spain and a positive one-off effect from court cash bookings that we had in Spain in Q3 last year. EBITDA ended at 33 million euros, up from 27 million euros last year. The 23% EBTA growth is driven by increased revenue in combination with strict cost control. Annualized return on equity to shareholders was 11%. We now see the positive effects from both changes in the IBOR interest levels and reduced net debt, resulting in a 23% year-over-year reduction in financial expenses. One last item to mention is that we have secured the option to utilize our RCF to refinance the residual outstanding balance on our bond ACR03. This gives us high flexibility in terms of refinancing ...