Luotea Oyj (0F29) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Lassilan Tikanoja Q3 2025 Interim Report webcast. I have here today with me our CFO, Joni Sorsanen, and he will go deeper into the financials, but I will first go through how did we perform in our businesses. First few highlights for first nine months of 2025. Overall profitability in facility services improved significantly and I'd say the big news for this Q3 report is that Sweden returned to black figures in Q3. In circular economy businesses, we had a solid performance despite the quite challenging market environment. And in Q3, our net sales overall grew by 3.8%. And speaking of net sales, when we look by the segment in circular economy business, we also saw a 5% growth over a comparison period. and year-to-date we are still slightly behind, but catching up now towards the end of the year. In facility services, Finland still slightly below last year's net sales, but the decrease was less in Q3 than what it has been for the first half of 2025. In Sweden, solid growth, net sales growth continued. Even though it was aided by a stronger Swedish crown, still there is very healthy underlying growth in our Swedish facility services business. Adjusted operating profit on par. compared to the previous year in Q3. And first nine months, we are exactly 5 million euros ahead of last year's levels. In circular economy business, we were a little over 1 million euros behind. And in facility services Finland, at the same level as previous year, but as I said, in facility services Sweden, we saw 100,000 positive adjusted operating profit in Q3. Overall, I'm quite pleased with the performance of all of our businesses in Q3. If we look at our performance through kind of circular economy business and facility services business lens, we can see that very ...