Fasadgruppen Group AB (publ) (FG) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome everyone to this conference call regarding the third quarter result here at Asadgruppen. In the room, we have our, well, myself, Magnus Lundberg, and we have our CFO, Kasper Tahn, and of course, our CEO, Martin Jakosson. And with that being said, hand over to you, Martin. Thank you, Magnus. So good morning, everyone, also from me. I'm very glad to present the Q3 results for you today. So let's dive into the highlights. We saw an organic growth of 2.2% in the third quarter, actually the first time with an organic growth since Q2 2023. And organic growth was actually mainly driven by strong Danish entities. I will get back to that. In the quarter, we also saw an adjusted EBITDA of 136 million compared to roughly 93 million a year ago, corresponding to a margin of 9.9% compared to 7.7% a year ago. and i would say that this is a confirmation that we're on the right path and if we take a look on the order backlog we also saw a total order backlog of 4.1 billion which means a more or less flat organic development we are still affected from delays from the building safety regulator which I've mentioned before, affecting our subsidiary Clearline in England. On the net debt to adjusted EBITDA pro forma level, we came in at 3.76 times. And we received a covenant here from our banks, which we believe we have a strong dialogue with, which is then this waiver value for Q3. After Q3, we also announced divestment of Alnova. We'll get back to that. So moving into the sales, there was a total increase of roughly 15%. And as I mentioned here, we saw an organic increase where the Danish entities, as I mentioned, was very, very strong. And we also saw positive numbers in our Finnish and Swedish entities, but softer in the Norwegian market. And generally, I would also like to say...