Troax Group AB (publ) (TROAX) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi everyone and welcome to the third quarter interim report for Trovax Group. My name is Martin Nyström and together with Anders Eklöf, our CFO, we will present the numbers and key events for the third quarter. After the presentation we will open up for a Q&A session which I will lead. So let's dive into the quarterly numbers. If I start with the third quarter, I'd say that we were offered a mixed market development and we had some mixed outcomes. In total, we reported a minus seven order intake growth. But this is distributed very differently. So if we start with the big exclamation point, APAC continued very strongly in the quarter. I think it was also very good to see a broad-based and significant growth in all the countries. So I think this is a good sign and also a good sign of the value proposition that we have also in the Asian markets. If I look at Europe, we continued largely as we did in the second quarter. Overall, I'd consider this to be relatively slow and also the long expected recoveries, we're still waiting for that to see a broad-based recovery. However, I'd say there are some positive signs during the quarter in Europe. We did see a gradual comeback or recovery for the warehousing segment, and this segment has been fairly or very slow for quite some time. So I do think there are some positive good signs in this segment. This is also our largest segment in exposure in Europe. The counter side of this is that we have seen the demand in the automotive side decline a bit. And here I'd also like to note that we're meeting very strong comparables from last year. But we do see the automotive sector being somewhat slower in the third quarter in Europe. We continue to experience a slow market in the construction, in the Nordic construction environment. So al...