Ola Rollén | President and Chief Executive Officer |
Joachim Gunell | DNB Markets |
Daniel Djurberg | Handelsbanken |
Alexander Virgo | Bank of America |
Mikael Laseen | Carnegie |
Sven Merkt | Barclays |
Stacy Pollard | JP Morgan |
Erik Golrang | SEB |
Mohammed Moawalla | Goldman Sachs |
Markus Almerud | Kepler Cheuvreux |
Wasi Rizvi | RBC |
Olof Cederholm | ABG Sundal Collier |
Viktor Hogberg | Danske Bank |
Magnus Kruber | UBS |
Thank you very much, and welcome, everyone, to this third quarter interim report of 2020. I suggest that we start on Slide number 4, overview of the third quarter 2020.
So recorded sales decreased by 2%, and we report an organic growth of 0%, FX of minus 4% and then a positive 2% impact from acquisitions during the year. It’s a broad-based sequential recovery, and we see China recording 18% organic growth. We report solid growth in the Geospatial segment, and Geosystems and Space & Infrastructure record 5% and 9% organic growth, respectively.