Arjo AB (publ) (ARJO_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you and good afternoon to everyone and welcome to RDU Q1 2025 earnings call. With me here today, as you heard, I have Christoffer Karlsson, our Interim CFO. We will give you some details on the Q1 report that we released an hour ago. The agenda looks as usual and includes a summary of activities and results from Q1, the balance sheet items and the outlook for 2025 before we open up for questions. We intend to keep this call to an hour and finish no later than 4 CET. Next slide, please. We closed the first quarter in a solid way and could see how demand continued in the quarter with stronger organic growth than in quarter four. We had continued strong momentum for our rental and service business and now also supported by growth in our capital sales. We see improved market condition in some more European countries and North America stay on good growth levels. And we closed the quarter with 3.4% organic net sales growth. And in addition, as a positive sign for the rest of 2025, this net sales development is supported by an even stronger order intake growth. In our largest market US, We continue to see a positive development, and this is probably related to a combination of our internal effort to create a more focused US sales organization, as well as the financial situation and stock shortages are improving among our customers. In global sales, the net sales growth improved sequentially from quarter four. We are now seeing improving market conditions in some more European countries. We continue to see growth in UK. Dash and Benelux performed very well in the quarter, and it's encouraging to see that the bounce back in Benelux, which drew sales double digit in quarter one. Our gross margin came in at 43.7%, a slight improvement versus last year's 43.5%. We continue...