Systemair AB (publ) (SYSR) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much and good morning, everybody. And you are all most welcome to the presentation of our third quarter results, which is covering the period from November until January. On a personal note, I'm really happy to be part of the Systemair organization. And this is my first quarter as CEO for the Systemair. Really happy to be here. So starting with a brief description of Systemair, we are a company operating from our core values of simplicity and reliability. And what we do is that we develop manufacturing market, energy efficient and high quality ventilation products. We're a company founded in 1974 in Skinskatteberg, which is still our headquarters. We have today 51 countries with our own sales companies. And in total, the products are marketed in 135 countries. We are now having production facilities in 19 countries, and we are about 7,200 people, where of 1,000 in India. So that is a brief description of us. Looking into our third quarter, what we could see is that we had an organic growth of 1%. Compared with our previous quarter, ending in October, where we have a bit of a more mixed market picture. We had previously, in the second quarter, robust organic growth across all regions, while we are now seeing a bit of a more diverse picture. We're very happy to see that we, in both Western and Eastern Europe, have continued with robust positive growth. Why we're seeing a bit more of challenges or negative development in the Nordics, in North America, and also what we label a bit simplistic as the other markets. We have some reasons behind that, and we will provide a more granular picture later on. What's really important for us is that we're continuing the trend of improving our gross margin. Quite a tick up in this quarter. It was about plus one percent...