Elanders AB (publ) (ELAN_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the eLanders A-B conference call hosted by Magnus Nielsen, CEO, and Asa Wilson, CFO. Please note, this call is being recorded and for the duration of the call, your lines will be on listen only. However, you will have the opportunity to ask questions at the end of the call. This can be done by pressing star 1 on your telephone keypad to register your question. If you require assistance at any point, please press star zero and we'll be connected to an operator. I will now hand you over to your host, Magnus Nielsen, to begin today's conference. Thank you. Thanks, Ben. Welcome, everyone, to Lambert's quarterly conference call. I will now go directly to slide number five in our presentation and talk about our third quarter. We could see in the third quarter that our underlying demand improved, and if we adjust for declining prices in the air and sea forwarding area, we had a negative organic growth of 2% compared to 5% in the second quarter. And the recovery in demand was mainly driven by improved sales in September. Excuse me. If you look at our adjusted EBITDA margin, it continues to improve, and it came in better than both the previous quarter and last year, reaching 7.3% compared to 6.6% last year, and this is a result of our actions to lower our cost base. In the third quarter, we also decided to carry out further restructuring costs in our biggest subsidiary, LGI, as a result of the outcome of our new CEO's review of the company. These measures are mainly affecting their overhead costs, but also some conservation of warehouse space, but they will still, after this action, still have capacity for future growth. Positive in the quarter was that North America came back to organic growth, and Asia continues to be stable for us. Europe had negati...