Ferronordic AB (publ) (FNM) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Faro Nordic Q3 2025 report presentation. For the first part of the presentation, 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 Speaker's CEO, Henrik Carlberg, and CFO, Eric Donnemar. Please go ahead. Thank you. Good morning, everyone. Thank you for your interest in Fair Nordic. We will now do our presentation of the results for the third quarter of 2025. Moving to slide two, please. Trending upwards, still a way to go. During the quarter, we saw revenue decrease by 9% in Swedish krona to 1.6 billion kronor. compared to 1,171,000,000 last year, that is minus 5% on fixed currency rates. The gross margin increased nicely by 3.7 percentage points year on year and 2.9 percentage point quarter on quarter to 19.1%. We continue to decrease SG&A that went down 8% to 167 kronor compared to 181 the year before. Operating profit increased to 37 million kronor compared to 2 million a year ago and compared to minus 5 in Q2. Net income excluding currency effects increased to 10 million kronor compared to minus 39 the year before. We continued to reduce working capital, went down by 49%, and net finance cost decreased by 25% to 29 million kronor compared to 39 million the year before. Net debt reduced to 1.6 billion kronor compared to almost 1.8 a year earlier, and net debt to EBITDA decreased to 3.9. We turn to the next slide. During the quarter, we saw improved performance in all our markets. In the US, we saw stable dollar sales and recovering margins compared to the lower levels we've seen earlier in the year. In Germany, we also saw stable euro sales, higher gross profit, lower expenses, and an oper...