Karnell Group AB (FRA:O4X)

Q3 2025 Karnell Group AB (publ) Earnings Call Transcript

Nov 5, 2025 / 07:30 AM GMT

Release Date Price: €6 (+15.83%)

Transcript

Key Points

Positve

Karnell Group AB (FRA:O4X) reported a 22% increase in revenue, reaching 436 million, with 4% attributed to organic growth.
EBITDA rose by 26% to 69 million, achieving a margin of 15.9%, an improvement from 15.4% the previous year.
Both business areas, product companies and niche manufacturers, contributed positively to the quarter's performance.
The company maintained a low net debt to EBITDA ratio of 1.6 times, providing flexibility for future acquisitions.
The acquisition of Land Horsley in the UK exemplifies Karnell's strategic expansion and disciplined acquisition approach.

Negative

Market visibility remains limited, particularly in the construction sector in Finland, which continues to be subdued.
Cash flow from operating activities was in line with last year, but working capital has increased, tying up more resources.
The niche manufacturers segment saw a slight decrease in EBITDA margin from 18.8% to 18.4% year-over-year.
Currency effects negatively impacted growth by 3% in the niche manufacturers segment.
The CFO announced a departure for personal reasons, indicating a potential transition period for the financial leadership.

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

KARNELb.ST - Karnell Group AB (publ)
Q3 2025 Karnell Group AB (publ) Earnings Call
Nov 05, 2025 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and welcome to Canal's 3rd quarterly report and this earning call for Q3. I'm Pat Moos, CEO of C Canal, and with me today is our CFO Los Needle.

As usual, we'll begin with an overview of the quarter and how our strategy continues to drive profitable growth.

Lars will then take you through the financials more in detail, look at the segment performance, and afterwards we'll return to discuss our latest acquisition and key takeaway before we open the floor for questions.

As a short reminder for our recurring audience, but also then for those who are joining us for the first time, Chanel is an active and long-term owner of industrial technology companies. We focusing on acquiring

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