Netel Holding AB (OSTO:NETEL)
kr 13.36 -0.1 (-0.74%) Market Cap: 652.97 Mil Enterprise Value: 1.41 Bil PE Ratio: 13.73 PB Ratio: 0.57 GF Score: 67/100
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Q3 2024 Netel Holding AB (publ) Earnings Call Transcript

Oct 25, 2024 / 07:00AM GMT
Release Date Price: kr17.28 (-16.52%)
Jeanette ReuterskiÃ;ld Netel Holdings AB;President and CEO

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Welcome to our presentation of our Q3 results, my name is Reuterskiöld and I'm President and CEO of Netel, with me today i have as usually Fredrik Helenius, our CFO. Let me start with some highlights from the report net sales increased by 0.3% driven by strong growth in Infra services and Telecom in Norway and Finland. Infra services grew 8.4% and Telecom 9.1%. Power decreased top line by over 17% which is reflecting to the product driven nature of the business. In power comparative figures were impacted by the high volume of projects completed in the third quarter of '23. Since the products in power are often major sales can vary between the quarters depending on which products are completed or big deliveries of material during each period. This also has an impact on the adjusted EBITA margin which decreased somewhere to 5.3% from 5.7% compared to the third quarter last year. However, the adjusted EBITA margin increased from the previous quarter with 0.5% points from 4.8%. Our order backlog continued to develop well and

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