Broedrene A O Johansn New (BDRJF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Broedrene A and O Johansn's Q1 twenty twenty six Interim Financial Report. The first part of this presentation, all participants will be in a listen only mode and afterwards, there will be a question and answer session. I would now like to hand it over to your speakers, CEO, Niels A. Johansn and CFO, Peter Tolstang. Please go ahead. Good afternoon and welcome to our first quarter twenty twenty six webcast. Let us look at some of the highlights of the first quarter. A O saw the highest first quarter sales ever. We saw a growth of 6.5 in Q1. B2B increased revenues by 4.5% and B2C saw a 16% growth. Excluding BBS Expert, the organic growth was 5.3%. I am particularly satisfied to note that the growth met our expectation despite the tough winter that negatively impacted the month of February. Gross margins improved to 24%. Overall margins increased from 23.9% last year to 24%. The pressure on margins is still fierce, but the B2B business managed to deliver margins not far from the margins we saw in Q1 last year. B2C margins increased 0.8% points to 32%. I'm satisfied with the margin development. It is and will be a priority for A O to focus on securing margins and at the same time to grow our projects activities. The number of stores in Sweden is now 10. We have just opened our latest store in Falconpare, thereby ensuring the full coverage of the West Coast Of Sweden. The opening marks a doubling of stores from five to 10 in two years. It is our plan to further expand our network of stores in Sweden. A O will acquire JLMB cables. JLNV cables is a Danish supplier of cables for construction and industrial as well as the infrastructure market. Yearly revenues amount to approximately 125,000,000 Danish crowns. The acquisition strengthens A O's product assortment pr...