Troax Group AB (publ) (TROAX) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi everyone and welcome to Trovaks quarter four report. My name is Martin Nyström and as always I have Anders our CFO with me here today and we'll go through the quarter four result and key events. After the presentation we'll open up for a Q&A session and by that let's dive into the quarter. The fourth quarter was for Trovax a mixed bag of outcomes. In total, we report a minus 3% order intake growth organically, and in the minus 3, we have excluded the FX effect. We reported 10.8% EBITDA margin, excluding the one-off effects, which I will come back to, and netted a 1.7%. If I start with the market and the market conditions, I think we can conclude that in the fourth quarter, the markets continue to trend softly, largely as we've seen throughout 2025. In Europe, we continued largely as in the third quarter. We had some signs of recovery in the warehousing segment, as well as in the general industry segment. But at the same time, we also continue to see the automotive demand being soft. In the Americas, we saw a continued decline, and here it's a two-sided story. We do have a lot of activity and a lot of quoting activity with our American customers, but at the same time, there is still hesitation to make decisions, which makes us not come back to growth. APAC, our APAC region has had a fantastic 2025 overall with significant growth. Towards the end of the year, we saw the order intake softening a little bit in the quarter. Although I would like to say that the pipeline and the activity remains strong and high in APAC. Also, I think when we look at the order intake and at the market, we still had a negative impact in this quarter, roughly by 2 million euros due to the factory move that we've had during the autumn between Poland and Sweden. So if we compare to the third...