AF Gruppen ASA (0DH7) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the presentation of the first quarter of 2025 for the AF Group. Today's theme is a look at the strategy for 2028 and will be presented in subtitles. There will also be opportunities to ask questions after the presentation. The main points in this quarter were that the turnover was 7.1 billion, and we had a result before tax of 214 million, which gave us a result margin of 3%. The current flow from drift was 330 million, and the order entry in the quarter ended at just over 11 billion. We had an order reserve at the beginning of the quarter of 44.2 billion. So we have a net return per 31.3 on 290 million. In AF, we start with safety first, because the fact that everyone will come home safely from work every single day is one of our main goals. In this quarter, we had four events that give us a H1 value of 0.9. And our goal is 0, so we are thus not satisfied with that. And then we have a H2 value that is healthy and stable at 7, and there the goal for the company is to be below 5. So we have a sick leave that has gone up slightly in this quarter and is at 4.8% and we strive to have a sick leave down to the third quarter. If we look at the figures, we had a stable or weak decline of SEK 7.1 billion in revenue in the quarter. The result before the tax went up from SEK 186 million to SEK 214 million, which gives us a margin improvement of 0.4 percent points, and we ended up at 3 percent. Now we are pleased that there is improvement, but at AF we are working to have 5% every quarter. If we look at the return on invested capital, we had the last four quarters a result before the tax, and we put back the interest rates at about 1.2 billion, and an average invested capital of 4.7 billion, which gives us a return on invested capital of 25.6%. And that is w...