Byggmästare Anders J Ahlström Holding AB (publ) (AJA_B) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Välkomna till ABG. Det är fredagen den 22 augusti. Jag heter Derek Laliberté, analytiker som bakar investmentbolag, operatörer och mediebolag. På agendan idag så har vi andra kvartalets webcast med bolaget Byggmästaren. Jag kommer att hålla i en frågestund efter presentationen. Med mig från Byggmästaren har jag Thomas Bergström, vd. Varsågod Thomas, att presentera andra kvartalet. Thank you, Erik. I will start with a short summary before your questions. We have identified a substance value per share of 319 kronor last June, compared to 307 kronor in the change of year and 297 kronor after the first quarter. This means about 7% in the quarter and about 4% increase from the change of year. Our total substance value is now about 2.3 billion. Under the quarter, we have had a value increase of 160 million, largely due to our appreciation of Safelife, which I will return to shortly. We had an additional investment in DP Patterning during the quarter, and we bought a number of existing shares for a total of 9 million. And we had, when the quarter ended, just under 30 million in liquid funds. but completely untrained and unused credits. Essential events during the period, of course, at the time of the quarter, the transaction we publicly made in early June with Bridgepoint. They come in as new large owners in Safelife, where we release 525 million in liquidity. But thereafter, there are still about 12% of the shares in Safelife. And it will still be our largest content. After the end of the quarter, that is, last night, the board made a decision to start buying back up to 50 million kronor. from the time of September 1 to December 25. If we zoom out on a longer horizon, the last five years have doubled the value of substances by 102%, which corresponds to about 15% of annual...