Luotea Oyj (0F29) Q3 2025 Earnings Call

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WEBVTT 00:00:00.200 -- 00:00:06.184 Good morning and welcome to Lassilan Tikanoja Q3 2025 00:00:06.726 -- 00:00:10.728 Interim Report webcast. 00:00:10.850 -- 00:00:16.156 I have here today with me our CFO, Joni Sorsanen, 00:00:16.156 -- 00:00:21.221 and he will go deeper into the financials, but I will first 00:00:21.221 -- 00:00:27.104 go through how did we perform in our businesses. 00:00:28.685 -- 00:00:33.190 First few highlights for 00:00:33.190 -- 00:00:36.411 first nine months of 2025. 00:00:39.376 -- 00:00:45.522 Overall profitability in facility services improved significantly 00:00:45.522 -- 00:00:50.768 and I'd say the big news for this Q3 00:00:50.768 -- 00:00:56.053 report is that Sweden returned to black figures in 00:00:56.053 -- 00:00:58.053 Q3. 00:00:58.115 -- 00:01:04.026 In circular economy businesses, we had a solid performance 00:01:04.026 -- 00:01:08.895 despite the quite challenging market environment. 00:01:08.895 -- 00:01:13.764 And in Q3, our net sales overall 00:01:13.764 -- 00:01:16.365 grew by 3.8%. 00:01:19.664 -- 00:01:24.152 And speaking of net sales, when we 00:01:24.152 -- 00:01:29.182 look by the segment in circular economy business, we also saw 00:01:29.182 -- 00:01:32.023 a 5% 00:01:32.407 -- 00:01:36.391 growth over a comparison period. 00:01:36.826 -- 00:01:42.654 and year-to-date we are still slightly behind, but catching up now 00:01:42.654 -- 00:01:48.682 towards the end of the year. In facility services, Finland still slightly 00:01:48.682 -- 00:01:50.604 below last 00:01:50.604 -- 00:01:53.746 year's net sales, 00:01:54.149 -- 00:01:56.910 but the 00:01:56.973 -- 00:02:02.741 decrease was less in Q3 than what it has been for 00:02:02.741 -- 00:02:06.083 the first half of 2025. 00:02:07.268 -- 00:02:11.774 In Sweden, solid ...