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Kaarlo Airaxin
[Foreign Language] Wonderful. Properly, Luis, please stroll us by means of the Q3 and provides us a glimpse on the longer term forward. The ground is yours.
Luis Gomes
Chief Govt Officer
Thanks very a lot. Simply asking the slides. Thanks very a lot. If we go on to the subsequent — to the primary slide. So we had a powerful or moderately robust third quarter for the 12 months. Our internet gross sales have been barely down on final 12 months for a similar quarter. However final 12 months, we’re coming again off a foul second quarter. So we had a little bit of a spike within the third quarter.
We often anticipate 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 likewise for our clients. So we often anticipate to be a barely quieter quarter.
However however, we maintained the optimistic EBITDA. And — the factor that we have been much less joyful about was the money stream that was very unfavorable, however we anticipated that to some extent as a result of we had giant prepayments on many initiatives 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 largely as a result of we are actually ready for brand spanking new orders that we’ve got been engaged on for fairly a while. So we’ve got targeted our gross sales power in addressing these large orders. We’re ready for them. They’re later to be contracted than we wished. They
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