Q3 2025 Ferronordic AB Earnings Call Transcript
Key Points
- Gross margin increased by 3.7% year on year and 2.9% quarter on quarter, reaching 19.1%.
- Operating profit rose significantly to 37 million krona from 2 million a year ago.
- Net debt decreased to 1.6 billion krona, with a reduction in net debt to EBITDA ratio to 3.9.
- Improved performance across all markets, with stable sales and recovering margins in the US and Germany.
- Service and parts sales in Kazakhstan increased by 22%, contributing to a high gross margin.
- Group revenue decreased by 9% in SEK, or 5% on a fixed currency basis.
- US operating profits decreased from 53 million SEK to 43 million SEK year on year.
- Kazakhstan revenue dropped by 70% in SEK due to lower equipment sales.
- Service and parts sales in Germany decreased by 10%, impacting overall revenue.
- Net income was negatively affected by 22 million in foreign exchange losses.
Welcome to the Pharaon Nordic Q3 2025 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answer session, participants are able to ask questions by dialing 5 on their telephone keypad. Now I will hand the conference over to Speaker CEO Henrik Carlberg and CFO Eric Donnemar. Please go ahead.
Thank you. Good morning, everyone, and thank you for your interest in F Nordic. We will now do our presentation of the results for the third quarter of 2025. Moving to slide 2, please.
Trending upwards, still a way to go.
During the quarter we saw revenue decrease by 9% in the SEK to 160 million krona compared to 1,171 million last year. That is 5% on fixed currency rates.
The gross margin increased nicely by 3.7% points year on year and 2.9% points quarter on quarter to 19.1%. We continue to decrease SG&A that went down 8% to 167 krona compared to 181 the year before. Operating profit increased
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