Afry Ab (AFXXF) Q2 2025 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.059 Good morning and warm welcome. My name is Linda Pålsson. 00:00:04.059 -- 00:00:09.069 I'm the CEO of AFRI and I will present our Q2 results together with our CFO 00:00:09.069 -- 00:00:11.490 Bo Sandström. 00:00:13.378 -- 00:00:18.769 Starting off with a summary of the second quarter, our work with the ongoing strategy 00:00:18.769 -- 00:00:21.884 review progressed according to plan. 00:00:21.884 -- 00:00:26.593 Our efforts during the quarter focused on implementing our new group structure, which 00:00:26.593 -- 00:00:31.923 has included a comprehensive restructuring of the organization, as we are taking steps 00:00:31.923 -- 00:00:34.644 now to improve efficiency. 00:00:34.928 -- 00:00:40.078 We will continue our work on optimizing the portfolio and addressing our cost 00:00:40.078 -- 00:00:45.725 base in the coming 12 months, which we will come back to a bit later in this presentation. 00:00:45.998 -- 00:00:50.862 At the same time as we're laying the foundation for profitable growth, we are navigating 00:00:50.862 -- 00:00:53.024 a challenging market. 00:00:53.024 -- 00:00:58.109 We see that market remains cautious due to the current uncertainty in the global 00:00:58.109 -- 00:01:00.630 economic environment. 00:01:00.892 -- 00:01:05.996 And while the pattern varies across segments and regions, this uncertainty is broadly 00:01:05.996 -- 00:01:09.758 affecting client decisions and investments. 00:01:10.460 -- 00:01:15.125 We also had a weak calendar in Q2, and this reflects in our result for the quarter as 00:01:15.125 -- 00:01:17.125 well. 00:01:17.335 -- 00:01:21.801 Our net sales declined compared to last year and was in addition to the weak calendar 00:01:21.801 -- 00:01:26.949 also impacted by a significant currency effect th...