Bufab AB (publ) (BUFAB) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone from Asana in Gothenburg and welcome to Bilja's second quarter results presentation with CEO Per Havander, CFO Kristina Franzén and I, Carl Fredrik Jevets. We're happy to present the resilient result in turbulent times with higher order intake for new cars, positive cash flow, a solid financial position and some green shots in outlook that I will come back to in the end of the presentation. Our agenda, Per will start to go through the current situation in the car industry, followed by Q2 numbers. Kristina will go through the financial situation, and I will conclude, as always, with an outlook. So let's start. I'll leave the word to Per. Okay, thank you very much, Karl-Fredrik. We'll start with the current market situation. In Sweden, we see signs of better interest in new cars from private consumers. In Norway, we see good demand from private customers, and they are not so affected by the current economic turbulence. In Western Europe, the demand from private customers remains stable. The fleet business has still a stable demand for new cars in Sweden with a market share around 60%. Most of our brands have strong campaigns. big discounts and attractive private leasing offers. In Norway, we have a much better business climate. The demand for new cars are growing, good booking times in workshops. The consumer index is still on a low level, but the customer, both company and private consumers buy new cars. Our brands have strong campaigns and right prices in the market. The demand for used cars are on a good level in our countries, and we see stable prices for all cars, except fully electric cars. At the same time, we see lower prices of new fully electric cars, which affect prices of used. The stock of used cars is on a balanced level in all our countrie...