Q3 2022 Nederman Holding AB Earnings Call Transcript
Welcome to Nederman Holdings Q3 Report 2022. (Operator Instructions) Today, I'm pleased to present CEO, Sven Kristensson; and CFO, Matthew Cusick. Please, you may begin.
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Good morning, ladies and gentlemen, and welcome to this call where we will present our interim report for Q3 2022. Starting off with summary. It's been another strong quarter. We have had record sales and record profit and we are very pleased with that. We have also, during the quarter, finalized the acquisition of RoboVent, and that has significantly strengthened our U.S. position, especially made us the #1 supplier to welding applications.
Again, we have a strong order backlog, and that bodes fairly well for the coming quarter. We had solid profitability, 11.8% EBITDA and a good cash flow development. However, there are continued concerns, uncertainty. We have a war going on in Europe with all that, that means. And we have Chinese issues. It hasn't been sort of more
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