Kaarlo Airaxin
[Foreign Language] Wonderful. Properly, Luis, please stroll us by way of the Q3 and provides us a glimpse on the long run forward. The ground is yours.
Luis Gomes
Chief Government Officer
Thanks very a lot. Simply asking the slides. Thanks very a lot. If we go on to the following — to the primary slide. So we had a powerful or fairly sturdy third quarter for the yr. Our internet gross sales have been barely down on final yr for a similar quarter. However final yr, we’re coming again off a foul second quarter. So we had a little bit of a spike within the third quarter.
We normally count on this to be 1 / 4 with barely slower in relation to others as a result of there are holidays, summer time holidays, summer time breaks for ourselves and for our suppliers and in addition for our clients. So we normally count on to be a barely quieter quarter.
However nonetheless, we maintained the optimistic EBITDA. And — the factor that we have been much less completely satisfied about was the money circulation that was very unfavorable, however we anticipated that to some extent as a result of we had giant prepayments on many tasks that have been now — we have been now paying suppliers, we have been paying subcontractors.
And that’s a part of the fact of our enterprise that this goes up and down throughout this era. Our order backlog has additionally gone down principally as a result of we at the moment are ready for brand new orders that now we have been engaged on for fairly a while. So now we have centered our gross sales power in addressing these massive orders. We’re ready for them. They’re later to be contracted than we needed. They
