Azelis Group Nv (AZLGF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to Azalea's Q1 Trading Update call. We trust you've read the press release with the details of our Q1 performance. As usual, today we are joined by Anna Bertona, Group CEO, who will give high-level comments on our progress during the start of the year. Thijs Bakker, Group CFO, will give an overview of our financial performance. Then Anna will round out with some comments on the outlook before we open the call for Q&A. We will make a recording of this call available on the website later today. With that, I'm handing you over to Anna. Thanks, Pam, and good morning to everyone. Thanks for tuning in today. And indeed, as Pam already said, I'll start providing a high-level overview of the trends we saw in the first quarter and our performance during the periods. Thijs will take you through the numbers. I will conclude with our view on the outlook. And we will then have Q&A. So let me start with the most important messages based on our progress in the first quarter. first sentiment has been shifting and i'm sure this applies not only to our industry but even with rapidly changing trends we maintained positive organic revenue growth momentum for the third consecutive quarter the growth trends continued to vary across regions and end markets but on average volume growth was positive and pricing remained more or less stable Second, at the end of 24, we had planned our costs based on revenue growth assumptions that are materializing much slower. As we have limited visibility on how the tariffs will impact our industry and demand in general, we believe that it is prudent to plan for alternative scenarios. We have now activated several contingency measures to save 20 million on costs to protect our profitability in light of the rising uncertainty. Thijs will...