Q3 2025 Bergman & Beving AB Earnings Call Transcript
Key Points
- Bergman & Beving AB (FRA:BLRB) reported a 6% increase in turnover for Q3, primarily driven by acquisitions.
- The company achieved a 10% increase in EBITA, with a continuous improvement in EBITA margins, now at 9.6%.
- Earnings per share increased to SEK7.55, up from SEK7.15 the previous year.
- Bergman & Beving AB has successfully completed four acquisitions in the quarter, contributing to their growth strategy.
- The company has maintained 20 consecutive quarters of increased profits, demonstrating consistent financial performance.
- The market remains sluggish, with a 3% decline in the construction and industrial sectors in the Nordic region.
- Gross margin saw a slight decrease due to one-off items and discontinued operations in Asia.
- Organic growth was only 5%, reflecting the challenging market conditions.
- The company faces challenges in reaching its SEK500 million EBIT target without market improvement.
- Inventory levels increased due to seasonality, impacting cash flow despite efforts to reduce stock.
Thank you very much. Welcome everyone to the Bergman & Beving interim report for our Q3 quarter. My name is Magnus Soederlind and I'm the CEO. And on my side here, I have Peter Schoen, our CFO.
So just to start off with some highlights from the Q3 quarter. We have another quarterly increase, earnings, profitability and we also now have an increased EPS. And if you follow us, we have now 20 consecutive quarters with increased profits.
And this quarter, the turnover increased 6%. But that was mainly due to acquisition and we'll come back to them about the organic topline growth. But we had an EBITA increase of 10% and that was mainly driven by the acquisitions contribution we had during the quarter. And we continue also to improve the EBITA margins. So we're now at 9.6% this quarter compared with 9.3% the comparable quarter.
And we also continue to improve our profitability. So our profitability we measure as profit of working capital and we now have an increase of 6% units. And this is measured
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