Prevas AB

Hello everybody, my name is Magnus Wilén, I'm the CEO of Prevas. Today I have with me Helena Burstam, who is the CFO of Prevas. Hello. I welcome you all to this short meeting regarding the Q3 results for Prevas. We will start with a brief introduction, then we will have a review of the financial performance a brief look into the market, and then we will finalize this meeting with a Q&A session. And I hope that we will get a lot of questions this time as well. Looking into the Q3 for Prevaz, we managed to grow with 13% this quarter driven by acquisitions. We also managed to increase our prices to continue to increase the prices even in this business climate. I think that is a strong signal showing that we're doing the right things in Prevaz. Looking into the profit, we can see that the profit this year, 43, compared to last year was lower. And the reason is that we have a lower utilization and also some specific challenges in Finland that I will come back to later on. The EBITDA for the quarter was 26.5 million SEK compared to last year of 31.8. That equals to EBITDA margin of 7.5%. And of course, in this situation where we see that the EBITDA margin is not where we want it to be, we take actions. And so we have taken mitigation actions in Finland. I will come back to that a little bit later in detail. But also in Sweden, we have taken actions. Looking into Sweden, we see a very dynamic market. Some of our regions are performing very well where we have a good order stock. We are employing people and growing. But we also have some regions in Sweden where we have low demands and we were actually reducing staff. On top of this, we're of course working with sales and then increase sales focus and cost focus in order to maintain our margins. Looking into accumulated figures for the year. Prevas is performing 6.6% growth and 10.1% EBITDA. I think that shows also that Prevas is a healthy, well-organized company on a good path. Looking into this quarter, we also consolidated NMAC. This is a very important step for Prevas moving into the future, as we now are a Nordic company for real. We also acquired a company in Denmark called Design People. I will come back to that a bit later in the presentation as well. But as a summary for this quarter, 13% growth, 7.5% EBITDA. We're taking actions to mitigate the EBITDA.

and we have shaped a Nordic company within Prevost.

Looking into the details for the quarter, you can see that the EBITDA margin was 26.5 million, 7.5%. You can also see that the EBIT was 17.9. The reason that the EBIT is lower is that we had one-time acquisitions related cost during this quarter equals up to 8.2 million SEK. That of course influences EBIT, but also profit for the period and also the EPS. So with this, Helena, I would like to hand over to you to explain the situation about the cash flow.