Nederman Holding AB (publ) (NMAN) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Netterman Holding Q3 2025 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now, I will hand the conference over to Speaker's CEO Sven Christensen and CFO Matthew Cusick. Please go ahead. Good morning everyone and welcome to Nederman Interim Report Q3 2025. If we start with some short summaries we can say that we had good profitability and we continue to invest in our business. We say that we had a solid performance in a very turbulent market environment. Some of the key things during Q3 is that the order intake declined and it's mainly delays as we've been talking about for the last few quarters when it comes to larger and major investments. Especially we had a very slow summer, whereas it came back the business of the long summer holiday. It seems business came back in September in a strong mode and has continued so a little bit so far. The strongest two quarters before bode well for the currency neutral sales growth that we had and it's been the most profitable quarter of this year. despite significant negative currency and tariff effects. We have conducted further investments in product development and launched a few, and we have also focused a lot on operational efficiency. We have strengthened our leading position in industrial air filtration. And now, Matthew, some of the financials. Exactly. If we start with orders received, as Sven mentioned, orders received did decline. These continued delays on the major investments was the main issue there. The base business was relatively strong, particularly at the end of the quarter. For the quarter three, total order intak...