Q3 2025 Lindab International AB Earnings Call Transcript

Oct 24, 2025 / 08:00 AM GMT

Release Date Price: €21.68 (+15.94%)

Transcript

Key Points

Positve

Ventilation systems achieved the highest sales and results ever for a third quarter, with an adjusted operating margin of 10.6%.
Efficiency improvements and structured measures have strengthened both gross and operating margins.
Acquisitions contributed positively with a 6% increase in sales within ventilation systems.
Strong cash flow from operating activities increased to 335 million SEK in the third quarter.
The financial net debt to EBITDA ratio remained stable at 2.1%, indicating strong financial health.

Negative

Low market activity in Germany and Sweden negatively impacted sales growth.
Profile systems experienced a decline in sales due to low activity in larger building projects, particularly in Sweden.
Negative organic growth was significant, partly due to active decisions to close or discontinue businesses in Eastern Europe and Sweden.
The adjusted operating margin for profile systems was negatively influenced by low sales volumes and continued low capacity utilization.
The company had to make significant write-downs of intangibles within the ventilation segment, primarily related to Air Master.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LIAB.ST - Lindab International AB
Q3 2025 Lindab International AB Earnings Call
Oct 24, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to this presentation of Linda's Q3 report. I'm Ela Ringdo, President and CEO of Linda Group, and next to me I have our CFO Las Inna.

We will begin by presenting the results for the quarter, and after that, we will take a closer look at our key focus areas and end with the market outlook.

Following the presentation, there will be a Q&A session. Now let's start with some highlights.

Our largest business area, ventilation systems showed strength and achieved the highest sales and results ever for a third quarter. The adjusted operating margin reached 10.6% for ventilation systems and 9.7% for the group overall.

Thanks to efficiency improvements and structured

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