Ependion AB (EPEN) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.360 Welcome to Appendian Q3 Report 2025 presentation. 00:00:04.360 -- 00:00:09.470 During the questions and answers session, participants are able to ask questions by dialing 00:00:09.470 -- 00:00:14.841 pound key 5 on their telephone keypad. Now, I will hand the conference over to CEO 00:00:14.841 -- 00:00:20.011 Jenny Shadal and CFO Joachim Lorien. Please go ahead. 00:00:20.011 -- 00:00:25.278 Thank you very much and welcome to you all to this Q3 00:00:25.322 -- 00:00:26.765 presentation. 00:00:26.765 -- 00:00:31.776 The heading for the report this time is Earnings Improvement and Continued 00:00:31.776 -- 00:00:33.776 Investments. 00:00:33.780 -- 00:00:37.865 And with me here in Malmö, I have Joakim Laurén. 00:00:37.865 -- 00:00:43.350 And the agenda looks the same as usual, almost 00:00:43.350 -- 00:00:47.834 with one exception. I will start with the general business update 00:00:47.834 -- 00:00:53.299 and then I will talk a little bit more about the minority investment that we presented 00:00:53.299 -- 00:00:55.502 this morning. 00:00:55.502 -- 00:01:00.406 And then Joakim will move into more details about our financial performance. 00:01:00.406 -- 00:01:05.111 And then I will finish with some concluding notes and outlook. 00:01:05.111 -- 00:01:08.892 And after that, we will open up for Q&A. 00:01:10.467 -- 00:01:16.378 So business update for the quarter. Well, the market is still characterized 00:01:16.378 -- 00:01:21.749 by uncertainty and caution. We don't see that the projects 00:01:21.749 -- 00:01:26.818 are disappearing, but we are still seeing that decision times are 00:01:26.818 -- 00:01:29.323 still quite long for most of our customers. 00:01:29.323 -- 00:01:33.130 So there is still a bit of a hesitation in the market. 00...