AQ Group AB (publ) (AQ) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

All right, welcome everybody to AQ Group's year-end report. On the picture we see a beautiful transformer and inductor in an enclosure that is produced by Emdex in Trutnov for a German railway customer. Beautiful products that we will produce going forward. Now let's go to some fancy numbers. First, we'd like to talk about why you should invest in Acre Group. So we have an earnings per share-taker of 14% over the past 10 years. We've made profit every quarter since the foundation in 1994. We have exposure to industrial market segments with underlying growth, meaning electrification, railway defense, medtech. And we also have a long history of acquisitions, two to four factories per year. And in 2024, we bought a lot more. We bought JITMEC, two factories, Rockford, three factories in the UK, Techroy with engineering and prototype office in the west coast of Sweden. We also signed an agreement in 2024 to buy Emdex and Mikael Riedel in Czech Republic and Germany who produced Transformers and Inductor for demanding industrial customers. We have an extremely strong balance sheet with the net cash position and we have a very nice track record of more than 30 years of profit. Some quick facts from AQ. We're 8,000 employees. We have a turnover of 8.5 billion SEK. We have seven business areas, more than 15 market segments, manufacturing now in 17 countries with 4,000 customers globally. We have made profit every quarter, as I said, for 30 years, and we have increased the earnings per share with a little bit more than 14%. every year for the last 10 years and we make acquisitions and we're part of UN Global Compact since 2012 which is our sustainability initiative. So to the fourth quarter then. Net sales decreased by 4% to 2.1 billion compared to 2.2 billion in the year previ...