Lindab International AB (publ) (LIAB) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Lindab Q3 presentation for 2025. During the questions and answers session, participants are able to ask questions by dialing star 5 on their telephone keypad. Now I will hand the conference over to the President and CEO Ola Ringdahl and CFO Lars Inner. Please go ahead. Good morning and welcome to this presentation of Lindab's Q3 report. I'm Ola Ringdahl, President and CEO of Lindab Group and next to me I have our CFO Lars Ynne. We will begin by presenting the results for the quarter and after that we will take a closer look at our key focus areas and end with a market outlook. Following the presentation there will be a Q&A session. Now let's start with some highlights. Our largest business area, ventilation systems, showed strength and achieved the highest sales and results ever for a third quarter. The adjusted operating margin reached 10.6% for ventilation systems and 9.7% for the group overall. Thanks to efficiency improvement and structural measures, both our gross margin and operating margin have strengthened. In many markets we could see good sales growth, but in Germany and Sweden we are still affected by low market activity. Our smaller business area profile systems continues to be negatively impacted by low activity for larger building projects, and this is particularly evident in Sweden. Since development is still hard to predict, we focus on measures within our own control to improve profitability. Now let's take a closer look at our sales development. In ventilation systems, sales increased by 2% compared to the same period in 2024. Sales in comparable units was down by 1%, a smaller decline than we have seen in over two years. Many important markets for Lindab, such as France, the UK and the Netherlands, experienced positive organic sales ...