Instalco AB (publ) (INSTAL) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Instalco Q3 presentation 2025. 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. Please go ahead. Hi everyone, and welcome to this presentation of Instalco's report for the third quarter of 2025. My name is Per Sjöström, CEO at Instalco, and with me today is also our CFO, Kristina Kasberg. And in fact, this is my first time fully presenting a quarterly report since 2021, and I'm glad to be back. As usually, let's start with a brief overview over Instalco today. Instalco is one of the leading installation groups in Sweden, Norway and Finland, and also with the presence in Germany. Our decentralized model is a core strength, empowering our more than 150 local companies to act independently while benefiting from strong governance and shared tools. And with more than 6,000 employees across the group, we support the green transition every day. The demand for our services continues to be underpinned by powerful long-term market trends. And then we can switch slide. First, for a quick glance at our LTM numbers. Net sales amounted to 13.4 billion, and we ended the quarter with a backlog of 9 billion, which represents a steady book-to-bill of close to 70%. And that's exactly where I want to be. Our order backlog, as I mentioned, is about 70% of our revenue, and I think that's very good. The reason why I think so is that you should not be, so to speak, fully booked when there are early signs of a market return. When adjusting for one of costs taken in the past three quarters, our EBITDA amount to 863 million, corresponding to a margin of 6.4%....