Bonava AB (publ) (BONAV_A) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Bonava's headquarters here in Stockholm and the presentation of the results for the first quarter of 2025. For those of you who may not be familiar with Bonava, we are a residential developer operating throughout Northern Europe with the purpose of creating happy neighborhoods. My name is Fredrik Hammarback, and in just a moment, you'll hear from Bonava's President and CEO Peter Wallin, as well as our Deputy CEO and CFO John Johnson. As always, we will open up the floor for questions at the end of the session, and you're welcome to start submitting your questions online at any time. And if you'd like to participate live, please dial into the conference call and press star 5 to ask your questions directly. Last but not least, please note that today's conference is being recorded and will be made available on our corporate website, ponova.com, along with a PowerPoint presentation later today. With that, let's get started. Peter, over to you. Thanks a lot Fredrik and good morning everyone and finally it's time for us to report the Q1 in May. So starting off by giving an introduction here into the Q1 report. If we look around where we are in the market, we can see that we have an improving market and this is of course driven by the lower interest rates, the high disposable income. and the pent-up demand for housing. And if we look around what's happened lately and also after the close of the Q1, of course, the discussions regarding tariffs and different discussions is impacting and increasing the level of insecurity. But we can't see any major impact yet from the demand. We see quite high interest in the products that we are launching into the market. and we are not directly impacted as you can understand in our cost base but of course this is...