Ferronordic AB (publ) (FNM) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.497 Welcome to the Faro Nordic QT 2025 report presentation. 00:00:04.497 -- 00:00:08.683 For the first part of the presentation, participants will be in listen-only mode. 00:00:08.683 -- 00:00:13.129 During the questions and answers session, participants are able to ask questions by dialing 00:00:13.129 -- 00:00:18.156 pound key 5 on their telephone keypad. Now, I will hand the conference over to 00:00:18.156 -- 00:00:22.342 speakers CEO Henrik Karlberg and CFO Eric Donnemar. 00:00:22.342 -- 00:00:24.823 Please go ahead. 00:00:25.225 -- 00:00:30.262 Good morning, everybody. Thank you for your interest in Fair Nordic and 00:00:30.262 -- 00:00:37.018 welcome to our presentation on the results of the second quarter 2025. 00:00:40.666 -- 00:00:46.052 Looking at some highlights for the group during the quarter, we had stable 00:00:46.052 -- 00:00:52.897 sales and stable cash flows. Revenue amounting to $1.88 billion, slightly 00:00:53.100 -- 00:00:58.446 lower than last year. Cash flows from operating activities amounted 00:00:58.446 -- 00:01:04.156 to $262 million compared to $270 million last year. 00:01:04.156 -- 00:01:09.384 Gross profit declined by 4% to 177 million 00:01:09.384 -- 00:01:12.208 kronor compared to 185 00:01:12.208 -- 00:01:18.595 last year. Gross margin was largely unchanged at 16.3% 00:01:19.159 -- 00:01:24.127 with higher gross margin in Germany and lower gross margin in the US. 00:01:24.127 -- 00:01:28.951 SG&A across the group decreased by 6%. 00:01:29.165 -- 00:01:34.272 All in all, we had an operating profit of minus 5 million kronor compared 00:01:34.272 -- 00:01:37.757 to minus 4 million last year. 00:01:37.757 -- 00:01:42.963 Net finance cost decreased by 26% during the quarter to 29 00:01:42.963 -- 00:01:47.92...