Ratos AB (publ) (RATO_A) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this presentation covering the third quarter in Ratos for 2024. I am joined by Jonas Wiström, our president and CEO, and Jonas Åhgrup, our CFO, here in the studio. And they will guide us through the results shortly. Starting this quarter, we will also give you a slightly deeper understanding of our individual subsidiaries in connection to the quarterly report. To do that, we will invite guests to our webcast starting today. First up is the HL Display CEO, Björn Boryman, who will join us later on to give us a little bit more insight on HL's recent development and the exciting growth journey. In the end of the presentation, you will be able to raise your questions in our Q&A session, and this webcast is also recorded, so you will find it afterwards at ratos.com. Without further ado, I'll hand over to Jonas Wiström. Thank you, Josefine, and thank you everyone for joining this meeting to listen to what I think is a good result for a good quarter for Ratos. And we start up with a summary. It's really been a busy quarter. Again, I'm happy with the results and coming back to that and the strong cash flows. If we start with all processes we're in, I would like to highlight the merger of Nitech and Semcon, which was announced in the quarter. That process have had a really good start and We see them as one company with one structure in the beginning of 2025. But it started up very well, and I'm coming back a little bit to this later. We also launched a reconstruction in Plantagen, which is absolutely necessary to do our structural changes forward. And we also finalized the restructuring in Expin Group. I'm very happy that industry continues to develop actually very strong. We had a temporary week quarter in construction with tough comparisons and I ...