Bergman & Beving AB (publ) (BERG_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. This is Magnus Söderlund, and welcome to our financial report for the first quarter presentation here. And together with me on this call, I also have our CFO, Peter Schoen. And we will, as always, have a Q&A in the end session. And you also have the opportunity to put some questions live here that we will take care of them after we have made this presentation. So I will then start with some highlights. So, sorry, the first quarter we increased earnings, EBTA. We increased profitability that we measure as profitable working capital and adjusted. We also increased earnings per share. So overall, I think we did a good quarter despite still tough underlying market conditions. So we increased the turnover by 5% and this is driven by acquisition and selective some some of our companies has also had had an increase in turnover. But on aggregating level organically, we had a small decline actually in the quarter. And this is reflecting the market conditions, I would say. So despite this, we increased the EBITDA by 9%. And we now have 22 consecutive quarters with improved profits. And we also strengthened the EBTA margin, so it's now 9.9 compared with 9.5 the previous Q1 quarter. And we also had an increase in EBIT and EBT of 3%. The difference from EBTA, the 9% EBIT is of course reflected over higher amortization since we have acquired a lot of companies. during the last quarters. And the EBT is partly reflected that we have some extra financial cost during the quarter as well. So the profit of working capital continues to increase. We have made a lot of efforts during the last years to improve capital efficiency. And that together with increased EBITDA has increased the profit of working capital ratio in 5%. And we are now at 32%. So we are on the wa...