Embellence Group AB (publ) (EMBELL) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Imbalance Group Q3 2025 report presentation. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to the speakers, President and CEO Johan Angren and CFO Karen Ledan. Please go ahead. Thank you very much and welcome all to Emberlands Group's interim report for the third quarter. My name is Johan Angren and I'm the CEO of the group. And together with me today is Karin Lidén, who is the CFO. Let's start to look at the business and what we achieved in the third quarter of the year. In the third quarter, the organic sales growth was 5%, and a positive development came from both brands and manufacturing, and we also grew in several of our key markets. However, and as we also highlighted in our last quarterly call, we continue to face currency headwinds, mainly from the dollar and the British pound, that negatively impacted our top line by 3%. This is something that we expect to continue in the coming quarters, driven by the stronger Swedish krona. All in all, our net sales increased to 174 million SEK, up 2% versus past year. Sales-wise, we delivered organic growth in four out of our five brands. The exception this quarter was Kohl & Son, which organically was basically neck-to-neck with last year's sale, but was impacted negatively by currency and by a weak UK market. The largest of our five brands, Bo & Stapeto, continued to grow for the third consecutive quarter and our long-term strategic focus centered on product development, new designs and initiatives in sales and marketing are continuing to deliver positive results for the brand. Artscape also delive...