Addtech AB (publ.)

Summary before opening up for questions. Stable quarter at high levels, high customer activity, positive book to build. Good morning everyone and most welcome to Adtech's third quarter result presentation. As usual, we will summarize the quarter and then go over to Q&A. Our third quarter can be summarized as stable at high levels as we write in the report. Our net sales were up 7%, of which 2% organic. And we saw continued high business activity in the quarter on the whole, but with variations between segments. EBITDA also grew 7%, with a strength and margin of 13.6% year-on-year.

And it's our focus on added value product management. I would also like to highlight that we continue to deliver strong cash flow in the quarter and also in the period. And finally, we have done three more acquisitions in the quarter, adding approximately $350 million in annual sales with good margins. And again, I can conclude that our business model has a strong culture with... Entrepreneurial focus is proving its strength. A bit more on the sales, as I said, 7%, of which 4% from macro-stations, 1% currency effect, and then 2% organic. In my opinion, a solid delivery, giving the very tough comps from last year. As you can see in the lower graph, the growth was primarily supported by business area . where we have forest and the sawmill industry deliveries being strong in the quarter. And process technology with process industry in general and also oil and gas. being good good market I will come back with more comments to the market development in IT business area shortly overall

As I said in the beginning, the market situation was stable, but we saw variations both between and within market segments. So we see healthy growth in some areas, some are stable and some shows a bit weaker development. And this is spread across the board, by which I mean it's some companies in all of the business areas. As you know, we have 150 companies. But it's more spread than that we can see it in a particular business area. Very satisfying to see that despite the still uncertain market situation, a weak December month and a normalization of customers' order laying, we had a positive book-to-bill in the quarter. And order book remains well-filled and good quality.