Electrolux Professional AB (publ) (EPRO_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Electrax Professional Group, the result presentation of the third quarter of this year. My name is Jakob Ruba. I'm heading up Investor Relations. With me, as always, I have Fabio Saperland, the CFO, and Alberto Zanatta, CEO. And as always, also Alberto starts. Please go ahead, Alberto. Thank you, Jakob. Morning to everybody. I would describe the third quarter of 2025 as a good quarter considering the contest. The contest is a contest where the market conditions are still not stabilised. There is still the uncertainty, in particular in the United States, and in particular after the tariff announcement in July. The market in the United States has... full of uncertainty and the decision, in particular, if we talk about chains rollout, a big project has been put on hold or postponed. It is an environment that is clearly marked by tariffs and currency that have been negatively impacting our business. Despite all these things, and that is the reason why I consider it a positive quarter, We perform delivering organic growth, delivering improved margin, delivering improved EBITDA. Currency impacted for 0.5 percentage point, so quite significant in the quarter. It is a quarter where we deliver solid cash flow, operating cash flow. Also in this case, continuing to invest. I mentioned more than once, perform while transforming. And these are the quarters where this company is going through a big transformation in terms of new product that we will finally start to bring to market from January 2026. But it's a transformation that is not only considering the investments and the new product, but it's considering also the organization. Beginning of the year, beginning of September, we launched a program that has the objective to streamline the operation, ...