Afry Ab (AFXXF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.278 Hello everyone and warm welcome to AFRI's presentation of the Q1 results 00:00:05.278 -- 00:00:08.322 for 2025. I am 00:00:08.322 -- 00:00:13.489 Linda Pålsson, I am the CEO of AFRI and I will present the quarter here today 00:00:13.489 -- 00:00:18.072 together with our CFO Bo Sandström. 00:00:18.776 -- 00:00:23.822 After the call we will as always open up for questions so make sure to 00:00:23.822 -- 00:00:26.723 join us in the call. 00:00:31.486 -- 00:00:36.993 Okay, to summarize then the first quarter, we had a rather modest 00:00:36.993 -- 00:00:42.159 start to the year with a slight decline in sales and the profitability that was 00:00:42.159 -- 00:00:45.683 pressured in some of our divisions. 00:00:45.683 -- 00:00:50.909 These results reflects the market we experience, but it also underlined the need 00:00:50.909 -- 00:00:54.811 for structural measures going forward. 00:00:54.892 -- 00:00:59.878 The slight decline in sales was mainly due to a weak market in parts of our division, 00:00:59.878 -- 00:01:03.783 industrial and digital solutions and process industries. 00:01:03.783 -- 00:01:08.668 This was partly offset by a strong growth in the energy division, where we continue to 00:01:08.668 -- 00:01:13.352 see good demand driven by the energy transition. 00:01:15.917 -- 00:01:21.704 The order backlog was solid and it increased by 4% sequentially 00:01:21.704 -- 00:01:24.220 adjusted for currency effect. 00:01:24.220 -- 00:01:29.325 And I am very glad to see that we continue to win important client projects and 00:01:29.325 -- 00:01:33.687 build backlog in our core segments. 00:01:34.189 -- 00:01:39.294 Profitability was pressured by a slow ramp up in the beginning of the quarter, 00:01:39.294 -- 00:01:44.557 as well as the ch...