Ratos AB (publ) (RATO_A) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.198 ladies and gentlemen welcome to the autos group third quarter 2025 performance the call 00:00:05.198 -- 00:00:10.084 will be structured in two parts first a presentation by the autos group management team 00:00:10.084 -- 00:00:15.091 represented by philippe sal chairman and ceo and jacques francois de prest 00:00:15.091 -- 00:00:20.238 cfo afterwards there will be a q a session during this session you may only ask 00:00:20.238 -- 00:00:25.404 question by telephone by dialing pound key 5 on your telephone keypad to enter 00:00:25.404 -- 00:00:31.249 the queue i will now hand over to the management team gentlemen please go ahead 00:00:31.587 -- 00:00:34.851 Thank you, operator. Good morning, everybody. 00:00:34.851 -- 00:00:40.036 Good afternoon for some of you in Asia. So we're going to 00:00:40.036 -- 00:00:44.801 do a presentation, and then after that, of course, taking all the questions you have. 00:00:44.801 -- 00:00:50.888 I'm, of course, together with Jacques Francois, the CFO of the group, and Marie, 00:00:50.888 -- 00:00:54.290 the ER of the group. So let's start 00:00:54.312 -- 00:00:57.295 with the first slide. 00:00:57.295 -- 00:01:00.595 So we're going to go on. 00:01:00.595 -- 00:01:05.984 One more. Okay, perfect. So in Q3, first, the performance 00:01:05.984 -- 00:01:09.630 is in line, I would say, with the full-year profitability and cash trajectory. 00:01:09.630 -- 00:01:14.598 I think it's very important. I understand, in fact, that probably the team has the credit 00:01:14.598 -- 00:01:19.846 and cash and cost. And, of course, we are 00:01:19.846 -- 00:01:24.073 spending quite a lot of time, I would say, on the top line, and I will give you more 00:01:24.073 -- 00:01:27.604 info during this call. The second is on b...