Beijer Alma AB (publ) (BEIA_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome, and thanks for calling in. Christopher over here together with Joel. So we'll go over some slide and and explain a little bit how we look at the first quarter of the year. And then, of course, we'll have some q and a to wrap it up. So maybe we'll get started right away. So if if you summarize this quarter, I would say stable is is a is a very good, word. As you all know, q four and q one for us are are somewhat smaller quarter as we're just now starting ramping up for the summer season in most of our key countries around Europe and The U. S. But in general, had a stable development in most of our markets across the world. Our organic growth for the quarter was flat. We had some effects of weather, if you remember, The US closing down branches three, four days in January. We had some extreme comps in some acquired companies, etcetera. So underlying positive growth in Q1. Acquisition added 3%. We had a fairly steep headwind on the currency in Q1 and hopefully will improve here as we roll over to Q2. On the margins, good development across all regions, margins up in The U. S, margins up in APAC and then flattish a little bit down in EMEA, and we'll come into that in there. In total, numbers in line with last year. Cash flow continues to be positive. So we continue to work very active with our cash flow position. We are building inventory here in Q1, and we'll continue and do it here in the beginning of Q2 to ramp up for the summer season, of course. But in general, very good control of the cash flow. We had one acquisition closing in Q1, and we'll come back and address a little bit on the pipeline that's coming up here in Q2 and the rest of the year. And also worth calling out our green OEM, SM Frigar and Fenogy had continued to have very, ver...