Mentice AB (publ) (MNTC) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.157 Good morning, everyone. My name is Richard Engberg, and I'm an equity research analyst 00:00:04.157 -- 00:00:09.264 here at D&B Carnegie. With me, I have Frans Venkert, CEO 00:00:09.264 -- 00:00:14.872 of Mentes, and Ulrika Drots, CFO of Mentes, to present the third quarter. 00:00:14.872 -- 00:00:16.454 So, the scene is yours. 00:00:16.454 -- 00:00:20.099 Welcome. Thank you, Richard. Thank you for having us here. 00:00:20.099 -- 00:00:24.525 We are proud to share the third quarter results. 00:00:24.525 -- 00:00:28.651 I'm here together, of course, with Ulrika Drots, our CFO. 00:00:28.651 -- 00:00:33.700 And so we're going to present not only the highlights and the overview, but also the 00:00:33.700 -- 00:00:39.089 financial results as also some concluding remarks and also question and answers 00:00:39.089 -- 00:00:41.089 afterwards. 00:00:41.273 -- 00:00:46.602 If we look at the third quarter, actually we see quite a strong performance. 00:00:46.602 -- 00:00:51.230 And it's really our strategic actions are starting to yield results. 00:00:51.230 -- 00:00:56.778 As you know, we did quite a change also in reduction of operating expenses 00:00:56.778 -- 00:01:00.183 during the third quarter, executed in the third quarter. 00:01:00.183 -- 00:01:05.090 And so that is also really driving and bearing the fruits that we see. 00:01:05.090 -- 00:01:09.416 So overall, we see a net sales of 71 million SAC. 00:01:09.416 -- 00:01:14.163 That is more than 22% up year over year, quarter over quarter. 00:01:14.163 -- 00:01:19.270 as also it is an organic growth of 30% offset by some foreign 00:01:19.270 -- 00:01:22.975 exchange. And we're proud of that result, what we see. 00:01:22.975 -- 00:01:28.022 On the rolling 12 months, we recovered and als...