Nobia AB (publ) (NOBI) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to NoBR Q3 Report 2025. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you'll need to press star 1 and 1 on your telephone keypad. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 and 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Christopher Longfelt, CEO. Please go ahead. Good morning, everybody, and thank you all for joining. We start with some key highlights for the quarter. And similar to our last quarter, we continue to improve operating performance and strengthen our EBIT and cash flow, despite soft product markets. And even on these historical low levels, we have demonstrated that we can operate above 8% in the Nordic region, also on a rolling 12-month basis. With regards to group net sales in the quarter, it declined organically by 3%, driven by volume decline in the product segment in both regions. and especially in the UK, which also led to further underabsorption in our supply chain. However, and on a positive note, we had growth in Region North for the first quarter since Q3 2022, which concludes a period of 11 consecutive quarters of decline in the Nordics. Also, our continued growth in the consumer segment is promising, and we are encouraged by the growth in store visits and kitchen design appointments. We also continue our mix up to higher value products and therefore improved average order values, which also strengthen gross margins. Gross margin of 38.6% in the quarter is one percentage point above last year, prima...