<a id="bm-comp-f96ed92d-74be-4049-a527-2ab1b2ce7eb0" name="bm-comp-f96ed92d-74be-4049-a527-2ab1b2ce7eb0" class="BMCustomAnchor"></a><table><tr><td bm-component-id="f96ed92d-74be-4049-a527-2ab1b2ce7eb0" style="vertical-align: top; width:100.000000%;"><ul><li>-5% organic growth (cons -7%) and adj. EBITA +18% vs cons</li><li>Cloud orders up 142% y-o-y, Nordics & Baltics and the UK strongest</li><li>Estimates up 4-6%, share likely to outperform post recent weakness</li></ul></td></tr></table><a id="bm-comp-5abc7083-a00e-4adc-bbea-9dd3bf10cc78" name="bm-comp-5abc7083-a00e-4adc-bbea-9dd3bf10cc78" class="BMCustomAnchor"></a><table><tr><td bm-component-id="5abc7083-a00e-4adc-bbea-9dd3bf10cc78" style="vertical-align: top; width:100.000000%;"><h3 class="bm-h3">Q3 details</h3><p>Sales SEK 1,084m (4% vs ABG 1,037m, no cons). Adj. EBITA 76m (18% vs ABG 65m), Adj. EBITA margin 7.0% (ABG 6.2%). Organic growth -5% (vs ABG -7%), of which system sales -8% (ABG -10%) and services 0% (ABG -3%). Adj. EBITA -4% y-o-y (ABG -19%) on a tough comp and a weaker market, off-set by cost reductions. Better than expected on both revenues streams, and 6% lower opex. OCF at SEK -28m (83m in Q3’24) is a bit soft.</p><h3 class="bm-h3">Nordics & Baltics and the UK strongest in the group</h3><p>Nordics & Baltics leading the way, UK develops positively while West (Netherlands) and Central (Germany) remained challenging. Cautiously optimistic outlook highlighting the local partner presence for US vendors as a positive in the geopolitical landscape, as well as continuously looking for cost improvements. Cloud order intake of SEK 248m in Q3 is up 142% y-o-y and considered very strong.</p><h3 class="bm-h3">Estimates up 4-6%, share to outperform</h3><p>We expect consensus to raise adj. EBITA by 4-6% and share likely to outperform the market today similarly (+5-10%) post recent weakness (share -19% last 6 months). Conf call at CET 9.30.</p></td></tr></table><a id="bm-comp-771d841d-6cbf-4e3d-a009-3f906d07a342" name="bm-comp-771d841d-6cbf-4e3d-a009-3f906d07a342" class="BMCustomAnchor"></a><table><tr><td bm-component-id="771d841d-6cbf-4e3d-a009-3f906d07a342" style="vertical-align: top; width:100.000000%;"><table id="bm-img-6e738180-2041-4157-bbe2-de2ddb0c20b1" class="bm-img-table xslt-img-empty xslt-img-include"><tr><td class="xslt-img-caption">Deviation</td></tr><tr><td><img bm-img-encrypt="6e738180-2041-4157-bbe2-de2ddb0c20b1" bm-img-original-height="840" bm-img-original-width="551" bm-img-svg="image:image_upload/91376_79a1b41e-3796-4916-8206-b54bcca1f241.svg" bm-img-width-hint="56.81%" id="bm-id-6e738180-2041-4157-bbe2-de2ddb0c20b1" src="https://abgsc.bluematrix.com/images/image_upload/91376_79a1b41e-3796-4916-8206-b54bcca1f241_413.png" svg="/nas/web/clients/abgsc/images/image_upload/91376_79a1b41e-3796-4916-8206-b54bcca1f241.svg" width="413" alt="" title="" /></td></tr><tr><td class="xslt-img-source">Source: ABG Sundal Collier, company data</td></tr></table></td></tr></table>