Katarina Rautenberg
Welcome to the presentation of Investment AB Latour’s Interim Report for the Third Quarter 2025. [Operator Instructions] I will now hand over to CEO, Johan Hjertonsson; and CFO, Mikael Johnsson Albrektsson.
Johan Hjertonsson
President, CEO & Director
Thank you very much, Katarina. Welcome, everybody. I’m here together with our CFO, Mikael, and we will take you through our Q3 report that we published earlier this morning.
So if we start with the first slide, the overall group structure is unchanged. Continued good performance of our operations despite the challenging business climate. The construction market is still slow overall, but some areas are growing, thanks to trends like energy efficiency, automation, where several of our businesses are well positioned. I will comment more on the financial outcome more in detail later on in this presentation.
As for the U.S. tariffs, Latour’s exposure in the U.S. corresponds to the 11% of our total net sales and the effects from tariffs are limited. Caljan, Hultafors Group, Nord-Lock Group and REAC within Latour Industries have the most exposure in the U.S. And we aim to pass on as much of the increased cost to customers as possible related to tariffs.
Then if we go to the next slide with our portfolio on the 10 listed companies. The majority of our companies have reported for the Q3 and the picture of a weaker business climate is fairly consistent. However, the financial effects varies depending on the industry and geographic exposure. And I think in general, our 10 listed companies in general, show strong resilience. And many of
