Lifco AB (publ) (LIFCO_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much and welcome again. We had some technical difficulties, so we will restart the call again. And we start again at page number two and look at the overall performance of the NIFCO group. And we can then conclude that the third quarter is a solid quarter, despite some difficult market conditions in parts of our business, especially in system solutions. In the third quarter, we grew net sales with 9%, of which 5% was organic growth, 8% growth came from acquisitions, and we had a negative foreign exchange rate effect of 4% in the quarter. EBITDA grew with 10%, and the EBITDA margin of 22.6% was slightly higher than the same quarter last year. We have very solid and strong cash flow in the quarter, and then I'd like to highlight when we look at net profit, where we have a growth of 90%, that we had an impact of a one-time effect in this quarter, where of about 63 million Swedish kronor, and this has to do with a revaluation effect on deferred taxes, due to a decision in Germany that they will, in year 2028 onwards, gradually lower the German corporate tax rate. So this is one type of revaluation should affect. So there will be no further impact of this tax effect in the coming years until 2028, where we'll see gradual lowering of taxes in Germany. If we then look at the nine-month period in 2025, we grew our net sales with 9%, of which 4% was organic growth. We had 7% positive impact from acquisitions and then a negative impact of 3% from foreign exchange rates And then EBITDA grew with 7% and margin for nine month period was 22.2%, which is slightly lower than the year before due to weaker market conditions in parts of our system solutions business, which has led to an organic decline in sales and lower margins in some areas of our business. We can then...