Brodrene A & O Johansen AS (LTS:0RNT)

Q3 2025 Broedrene A & O Johansen A/S Earnings Call Transcript

Oct 30, 2025 / 12:00 PM GMT

Release Date Price: kr95.8 (-8.41%)

Transcript

Key Points

Positve

Brodrene A & O Johansen AS (FRA:XH0) reported a strong Q3 2025 with a growth of 10.5%, with organic growth at 8.8%.
The B2C segment showed impressive growth, surpassing 1 billion in annual sales and contributing significantly to the company's revenue.
Margins improved from 21.8% last year to 23.3% this year, even after adjusting for last year's one-off property sale gain.
The company is making strides in becoming a green partner, with initiatives like ESD training for the entire organization.
B2C activities are expanding in Sweden and Norway, with potential for further market share growth both organically and through M&As.

Negative

The project segment is facing continuous price pressure, impacting margins negatively, particularly in Denmark and Sweden.
Despite overall margin improvements, the company experienced a gross margin pressure from project activities, leading to earnings being approximately 5 million shy of expectations.
The cost of doing business ratio increased from 15.3% to 16.6%, partly due to non-recurring items from the previous year.
There is an increasing tendency for customers to negotiate even small orders, transforming them into project orders, which harms margins.
The company anticipates that the margin pressure within projects is likely to continue for the rest of 2025.

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

AOJb.CO - Broedrene A & O Johansen A/S
Q3 2025 Broedrene A & O Johansen A/S Earnings Call
Oct 30, 2025 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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At this time, I would like to welcome everyone to this ANO Johansson Q3 2025 interim report.

Today's call is being recorded. If you have any objections of this, please disconnect at this time.

All participants will be in a lesson only mode throughout the presentation, and afterwards there'll be a question-and-answer session. I'll now turn the call over to CEO Nils A. Johansson. You may now begin.

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Unidentified_2 [2]
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