Sdiptech AB (publ) (SDIP_B) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everybody and welcome to Stiptech's presentation for the second quarter. My name is Anders Mattsson and I am since 1st of June the CEO of Stiptech and today I also have with me our CFO Bengt. I will start with a short introduction to Stiptech. Stiptic acquire and develop niche businesses within the infrastructure sector. We look for high quality product-based companies with a strong market position that can be protected. We divide the group into four segments, supply chain and transportation, energy and electrification, water and bioeconomy, and safety and security. The key drivers for our business are an aging infrastructure that constantly needs improvement and upgrades, We foresee continuous investment into our selected segments to increase the efficiency and safety and sustainability in the societies. Geographically, we have a strong footprint in the Nordics, UK and Italy. We are today 41 companies in the group and since 2017, we have grown profit by 32% in average per year. So some highlights from the report of the second quarter. It was no doubt the challenging quarter for us. Net sales decreased with 4% to 1,288,000,000. That is minus 4% organically, additional minus four due to currency effects, but plus four thanks to new acquisition coming into the group. We had a stable demand in our core portfolio. which is good to see, but we had a lot of customers postponing orders and sales later into the year, and that is due to the overall uncertainties in the markets. If we look at adjusted EBITDA, it decreased with 10% to 242 million in the quarter, minus 9% organic, additional minus 5 due to currency, and plus 4 due to the new acquisition coming into the group. That resulted in an adjusted EBITDA margin of 18.8% compared to 20.1% last year, the same quarter....