Meko AB (publ) (MEKO) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.575 Welcome to the MECO Q3 Report 2025 presentation. 00:00:04.575 -- 00:00:09.720 During the questions and answers session, participants are able to ask questions by dialing 00:00:09.720 -- 00:00:14.705 pound key five on their telephone keypad. We kindly ask you to mute your phone after 00:00:14.705 -- 00:00:19.269 having asked your question. I now hand the conference over to the speakers, President 00:00:19.269 -- 00:00:22.693 and CEO Per Oscarson and CFO Krister Johansson. 00:00:22.693 -- 00:00:25.153 Please go ahead. 00:00:25.775 -- 00:00:31.163 Thank you. Good morning and welcome to MEKO's presentation of our results 00:00:31.163 -- 00:00:36.613 for the third quarter 2025. I'm here with our CFO Kristi Johansson 00:00:36.613 -- 00:00:41.939 and together we will walk you through our performance and current position. 00:00:42.284 -- 00:00:46.977 As you know the first half of this year was marked by slower growth and lower earnings 00:00:46.977 -- 00:00:52.163 Car owners were cautious following a prolonged economic downturn 00:00:52.163 -- 00:00:57.229 and unpredictable global environment. This also led to intense competition in 00:00:57.229 -- 00:00:58.631 Q2. 00:00:58.631 -- 00:01:03.156 This tougher competition continued into the third quarter. 00:01:03.156 -- 00:01:08.382 We achieved organic growth of 1% during the period compared with 2% in the same 00:01:08.382 -- 00:01:13.271 quarter last year. This also means that we moved from negative growth the first half 00:01:13.271 -- 00:01:19.575 year of 2025 to showing a positive sales trend in Q3. 00:01:20.458 -- 00:01:26.784 The competitive situation also put pressure on prices, which in turn affected our profitability. 00:01:26.784 -- 00:01:32.090 Our adjusted EBIT margin improved co...