BHG Group AB (publ) (BHG) Q1 2025 Earnings Call

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WEBVTT 00:00:00.622 -- 00:00:05.449 Hi and welcome. My name is Gustav Orn, CEO of BHG. 00:00:05.449 -- 00:00:10.135 I'm here together with Jesper Flemme, CFO, to present our Q1 report. 00:00:10.135 -- 00:00:15.283 We will also be available after the presentation to do our best to answer your questions. 00:00:15.283 -- 00:00:17.883 Slide two, please. 00:00:18.167 -- 00:00:22.112 We are happy to present the strong start of the year for BHG. 00:00:22.112 -- 00:00:27.179 In the last quarter of last year, we showed a small growth after a long period 00:00:27.179 -- 00:00:32.358 of declining sales. And now in the first quarter of 2025, we report 00:00:32.358 -- 00:00:37.726 a strong organic growth of 8% and all three business units 00:00:37.726 -- 00:00:41.031 showing growth versus previous year. 00:00:41.031 -- 00:00:45.517 Based on our available data points, we are confident that we have taken market share 00:00:45.517 -- 00:00:47.898 during the quarter. 00:00:48.561 -- 00:00:54.430 Earnings also continue to improve now with a six consecutive quarter of profitability 00:00:54.430 -- 00:00:59.461 improvements year on year. This quarter, all business units 00:00:59.461 -- 00:01:04.811 show improvements in earnings. In this quarter, the first quarter of the year, 00:01:04.811 -- 00:01:10.101 which is also the smallest quarter of the year, we see a positive development in earnings, 00:01:10.101 -- 00:01:15.751 going from a small loss last year to a significant improvement and reporting an adjusted 00:01:15.751 -- 00:01:20.476 EBIT of 21 million SEC on group level. 00:01:20.710 -- 00:01:25.758 The improvement in earnings comes primarily from top line growth and having direct 00:01:25.758 -- 00:01:30.886 selling costs and SG&A well in control, creating leverage from top line a...