BTS Group AB (publ) (BTS_B) Q3 2025 Earnings Call

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Watch the replay and follow the connected company analysis, news, and investor updates for Bts Group Ab Class B.

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.354 Good morning all and good evening Jessica. 00:00:03.354 -- 00:00:08.458 It's Daniel Toshin here from ABG who will host this morning's conference call 00:00:08.458 -- 00:00:13.848 with BTS and the CEO, Jessica Schoon. So very much welcome 00:00:13.848 -- 00:00:18.657 for all joining. Analysts have joined through a separate link, so you should be able 00:00:18.657 -- 00:00:20.941 to ask questions verbally in the Q&A session. 00:00:20.941 -- 00:00:25.950 I will open up for that in the end. But just say welcome to Jessica and 00:00:25.950 -- 00:00:29.697 feel free to go ahead and present the Q3 report. 00:00:29.697 -- 00:00:30.794 Thank you very much. 00:00:30.794 -- 00:00:34.219 Super. Thank you very much, Daniel. Hello, BTS investors. 00:00:34.219 -- 00:00:37.604 Welcome to the Q3 report from BTS. 00:00:37.604 -- 00:00:39.988 We're not happy with the quarter. It was a tough quarter. 00:00:39.988 -- 00:00:45.035 At the group level, we grew 3%, but we had a profit decline of 00:00:45.035 -- 00:00:50.423 negative 16% if you adjust for foreign currency exchanges 00:00:50.423 -- 00:00:53.628 and negative 25% if you include the currency effect. 00:00:53.628 -- 00:00:58.616 So let's walk you through and kind of demystify what's behind the profit drop in the 00:00:58.616 -- 00:01:01.420 third quarter. There's really two big reasons. 00:01:01.420 -- 00:01:04.726 Number one is something I'm going to tell you about in North America, and number two 00:01:04.726 -- 00:01:09.855 is negative currency effect. So North America, you can see the decline 00:01:09.855 -- 00:01:15.204 of 10.3 million SEC in the third quarter. One big reason for this, 65% 00:01:15.204 -- 00:01:20.861 behind North America's drop. has to do with one particular customer engag...