Bulten AB (publ) (BULTEN) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to today's presentation with Bulten, where Axel Bernsson, President and CEO, and Anna Åkerblad, CFO, will present the Q1 report for 2025 and answer questions during the Q&A. If you're calling in, please press star 9 to raise your hand and star 6 to mute yourself when you get the word. You can also type in your questions using the form to the right. And with that said, please go ahead with your presentation. Thank you very much and welcome everybody. So let's start with a summary of the first quarter. For me personally, it's been a very interesting first quarter. So I've taken the opportunity to travel around and visit all our major sites and also an opportunity to meet a few customers and some key partners that we have for the business. And it's really nice to see the good engagement and the care that we have for each other and for the business. And it's been a very good learning experience for me as we go into a phase now where we start to draft the strategy and the way forward for the company. So it's a super interesting first start here. And obviously, from a financial point of view, we have some numbers to show you as well. And the sales is down by about 6.6% versus a very strong Q1 last year. So for me, the sales is on a decent level. It is nothing that is going to look strange to us when we look at these numbers. It looks pretty much as we expected them to be on the sales side. We do have a slight decline in the market in general, especially in Europe, when it comes to light vehicles. That market seems to be a bit softening in Q1. But on a global level, the automotive market is fairly stable, as we will see later on. If we look on a margin level, we are down versus quarter over quarter last year. However, if we look at 2023, we had an EBIT of ...