Beijer Ref AB (publ) (BEIJ_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi everyone, Christopher and Joel here. Welcome to Q1 2025 report. So we'll get straight into some of our slides and then we'll finish off as usual with a Q&A. so uh summarizing uh q1 um from from our point of view a good quarter uh across the globe um and part of the heading of course was a very very good eps growth and we'll come back to that uh but a total sales growth of 16 percent uh while the organic growth was four percent uh and pretty stable or good across the globe us we'll come back to that and then may and apec we continue to have good growth from acquisition which of course is part of the the business model which we will continue going forward with um so all in all uh we would say a stable good first quarter um especially with some uncertain times here it i would say it shows the model continues to be uh very good in even in these times And then on the EBITDA, a growth of 13% with stable margins compared to last year. We'll come back a little bit more on the different regions, but 9.4%. So happy with the margin development in Q1. Also cash flow positive. Of course, the people who knows Bayer F in details, usually Q1 and Q2 is an inventory and accounts receives a build up and then we usually flush through cash flow in Q3 and Q4. So I would say still a good and stable cash flow for being Q1. So happy with that as well. And then an EPS growth of 20%, which is very happy about on there. And then, as you know, we closed the Cool Fuel acquisition beginning of the year, the leading HVAC distributor in Hungary. So all in all, in the total, good growth, good margins and especially good profit growth in the quarter. Okay, moving on to the different segments. Coming back to the word good and stable in all segments of positive growth in their HVAC 6% growth, which i...