Interim report: January – September 2025

Core Insights - The company reported a strong performance in the third quarter, with significant improvements across all markets, particularly in North America, driven by investments in energy and infrastructure [3][7] - Order intake for the quarter reached SEK 855 million, reflecting an organic increase of 22% compared to the previous year [4][9] - Revenue for the quarter was SEK 894 million, marking a record level with an organic increase of 8% [4][9] - The adjusted operating profit reached SEK 244 million, corresponding to a margin of 27.3%, indicating strong operational efficiency [5][9] - Cash flow from operations totaled SEK 258 million, supported by inventory reductions [6][9] Financial Performance - Order intake increased by 36% to SEK 2,601 million for the first nine months, with an organic increase of 14% [9] - Net sales for the first nine months rose by 17% to SEK 2,627 million, although organically, net sales decreased by 4% [9] - Adjusted EBIT for the first nine months reached SEK 643 million, with a 24.5% adjusted operating margin [9] - Profit after tax for the first nine months totaled SEK 363 million, with basic earnings per share of SEK 7.23 [9] Market Developments - North America showed strong growth, particularly in the Industrial Data Solutions division, with a 15% organic increase in order intake [8][10] - China performed well in the Industrial Network Technology division, with order intake increasing by 26% [9][10] - Japan emerged as the largest market in Asia, with a solid organic increase in order intake of 34% [10] Strategic Initiatives - The company presented its strategic plan for 2030, focusing on customer acquisition and expanding existing business, with a priority on organic growth and acquisitions [11][12] - Financial targets include a revenue goal of SEK 7.5 billion by 2030, with an EBITA margin of 25% [12] - The company is adapting to increased tariffs by reviewing logistics and investing in production flexibility [13] Outlook - The company remains cautiously optimistic about future developments despite uncertainties related to tariffs and geopolitics [14] - Long-term trends toward regionalized industrial production are expected to drive demand for automation and digitalization, which is favorable for the company [14]