Nilörngruppen AB

And welcome to the NELEARN Q3 interim reports presentation. I know that today is a lot of presentation, a lot of companies. So I really appreciate that you take your time to join our presentation here. To myself, I am in Portugal at our factory here. We, as you probably know, we're doing quite big adjustments in the factory, uplift in the factory. So here to follow that. So it's an interesting project going on. So I think that will be really good for the new learn in the future. But I'm sitting here on a small laptop, so I think it will work out well. So I will start sharing my screen.

And put that on. Presentation mode here.

Yes, now we start the Q3 and we are quite pleased with the Q3. The order intake here was negative 13%, but if we take into consideration that we had a big packaging order in Q3 last year, on 18 million Swedish kronor and that will come now in Q4 instead that is around seven percent of the explanation we also have another currency effect explained another six percent so adjusted for the currency effect and the this packaging order is quite flat So in general, it's a difference between the segments. Luxury segments is still quite weak, though the outdoor and other segments are quite strong. So still weakness in the luxury segment, big improvement there. Sales up 10% and adjusted for the currency effect is actually up 18%. I think it's partly because we had a quite weak Q2, so it's a spillover from the Q2. Looking at the different months, it was quite strong both in July, August and September. So we're quite even throughout the quarter. And here we see also in the auto segment and the other segments, but still a bit weaker in the luxury segment. Operating profit. 26.3 million Swedish kronor versus 15 last year and that gives an operating margin of 11.4 percent in the quarter and as you probably know the goal has been or is should be between 10 to 12 percent that is the goal we have set so we in this quarter we target that Looking at the PNL here, also we have a quite strong currency impact on the whole PNL and not only the top line. As you know, most of our business is handling outside Sweden. In Sweden, it's mainly sales companies, but we don't do any invoicing from Sweden at all. And then we have the headquarters cost. So we have some cost in Swedish kronor, but the majority and all the invoicing is outside Sweden.