Alligo AB (publ) (ALLIGO_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Q1 report 2025. The presenters, as always, will be Irene Winsterborn-Balander, our CFO, and myself. And as usually, we will focus on the highlights. It's a report busy today and yesterday, so we'll keep the speed up and focus on the relevant things. This time we will bring up, you know, we normally take up a couple of themes and this time will be one growth area, which is Recare, which is being launched right now. And then we'll touch upon the turnaround project in Finland. So this is Aligo, 9.4 billion SEC turnover, 2500 employees and 243 stores, the number of stores as increased quite a bit thanks to the acquisition of the battery lager that added 27 new stores to our group. As you know, Sweden heavy in turnover, even more Sweden heavy in results and own brands as it looks 18%. But as you know, the more companies we buy, which mathematically will have zero own brands when we acquire them, will mathematically reduce the share of own brands into our group. We increase sales of own brands, but that is a mathematical effect when we add companies to our group. So if we take the two different models we work with, we have the integrated business with a brand in Sweden, the tools brand in Norway and Finland, and that business, our group as such is 48% through stores. 39% of direct sales and 13% of the non-integrated companies. So we believe in this scalable platform with Nordic functions, shared functions. It could be purchasing, procurement, logistics, finance, and so forth. And that's a scalable platform. But when the market is shrinking, it's difficult also to reduce in a similar way as the volumes is going down. So it's a brilliant upside when business is going up, but it's also more challenging when business is going down. But we have this scalable platform, and now a...