Elanders AB (publ) (ELAN_B) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Landers AB conference call. My name is Alan and I will be your coordinator for today's event. Please note this call is being recorded and for the duration, your lines will be on listen only. However, you will have the opportunity to ask questions at the end. This can be done by pressing star one on your telephone keypad. If you require assistance at any time, please press star zero and you'll be connected to an operator. I'll now hand you over to your host Magnus Nelson to begin today's conference. Thank you. Thank you, Allan. Welcome everyone to Landolt's conference call. And together with me here I also have Elsa Wilson, Landolt CFO. And now I will go to our presentation and I will go directly to slide number five. Look at the third quarter and And we could see in the third quarter that demand continued to improve, like we also could see in the second quarter. And we could also see that several of our customer segments continued to improve, and the improvement was mainly in Europe and Asia. But North America, that has very high exposure towards fashion, continued to remain weak. But all in all, this resulted in an organic growth of 3.9% for the group. And if you look at our adjusted EBITDA result, it also improved and came in 12% higher than previous year. And it was mainly our business area supply chain solution that was the driver behind both the growth but also the improved result. Our non-adjusted result was positively impacted by one of items of 149 million crowns. and this was mainly connected to a revaluation of the earn-out for CAMAC. When we acquired the UK company CAMAC, we paid two-thirds upfront, and the size of the payment for the remaining third was based on the outcome of the results for the full year of 2024. And even if we now can se...