RE Royalties Ltd. (RE) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the presentation of our third quarter results. And with me here today, I have Claes Forsström, our CEO, and Katarina Fischer, our CFO. And I'm Ann-Sofie Jönsson, and I'm head of investor relations and group risk management here at Montes. We will run through the presentation, and after the presentation, we will have a Q&A session. And for those of you who are listening on the web, do feel free to place your questions throughout the whole presentations, and we will pick them up afterwards in the Q&A session. And then we will also open up for those of you who are listening in on the telephone conference. With that, I hand over to you, Claes. Thank you Ann-Sofie and once again very much welcome to this Q3 report. Before I and Katarina go into the results and the details of the quarter, let me start a little bit broader. I'm very pleased that our investments in innovation have generated results. DCT a couple of years ago were a niche upcoming business area. Now I would label it a world leading offering within data center cooling with sustainable and long-term strong demands supporting the growth. I look upon ourselves as innovation leaders and in this quarter more than 120% order intake growth. Foodtech, the journey that started a couple of years ago, creating a new market with our software offering and digital solutions. We are creating a market here and the ARR was growing once again about 50% in the quarter. Airtek, our dehumidification systems, are leading with a strong service offer. But, I mean, two super good business areas in Airtek, a sluggish demand when it comes to the battery segment. I don't think that surprises anyone from the news. But with a long-term outlook remaining strong. A strong report, strong growth. Order intake plus 21%, net sales plu...