Sandvik AB (publ) (SAND) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.681 A warm welcome to Sandvik's presentation of the third quarter results 2025. 00:00:06.685 -- 00:00:11.414 My name is Louise Cheddar, Head of Investor Relations here at Sandvik and beside me I 00:00:11.414 -- 00:00:16.602 have our CEO Stefan Widing and CFO Cecilia Felton. 00:00:16.602 -- 00:00:21.053 We will do as we usually do. We will start with the presentation. 00:00:21.053 -- 00:00:26.226 Stefan and Cecilia will take you through the highlights of the quarter. 00:00:26.226 -- 00:00:30.115 And then we will move on to your questions. 00:00:30.115 -- 00:00:33.042 And with this, it's time to listen to the presentation. 00:00:33.042 -- 00:00:34.726 And over to you, Stefan. 00:00:34.726 -- 00:00:39.174 Thank you, Louise. And also from my side, welcome to Sandvik's third quarter report in 00:00:39.174 -- 00:00:44.364 2025. It's a quarter that's been characterized by a strong 00:00:44.364 -- 00:00:49.072 momentum and strong demand in several of our key segments. 00:00:49.072 -- 00:00:54.121 We see a strong demand in mining, in software solutions, Also, cutting tools are 00:00:54.121 -- 00:00:59.750 up by single digits, and the underlying demand in general engineering has been stable. 00:00:59.750 -- 00:01:04.818 We have seen strong growth also in aerospace and defense and, however, a 00:01:04.818 -- 00:01:08.363 weak picture in automotive. 00:01:08.363 -- 00:01:12.750 In infrastructure, the demand has been mixed, and I'll come back to that later in the 00:01:12.750 -- 00:01:18.026 presentation. Total order intake grew by 7% and organically we grew 00:01:18.026 -- 00:01:23.043 by 16%. Total revenues decreased by 4% 00:01:23.043 -- 00:01:26.568 but grew organically by 5%. 00:01:27.123 -- 00:01:32.147 We see resilient delivery on the margin...