Doxa AB (DOXA) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the presentation of Doxa's quarterly report for the first quarter of 2025. My name is Christian Lindgren and I am the CEO of Doxa. And on my side is Patrik Lindström, who is the head of our new production business. And he is new to the management since a month ago. Today we are up in Gothenburg View, which is an observation deck. at the top of the Kala Tower. We have come to events during the beginning of 2025. We started the year on the 3rd of January with me being released as permanent CEO and today we will decide on the vote to choose three new leaders. They are Lars Kongstad, Greta Magnus Kock and Derlandis Pettersson. It will also be a re-election of Greg Ringertz-Jang and Lena Grimslett. In general, the focus during the first quarter has been a overview of the business. We have gone from being an investment company to a real estate company and introduced new management principles every year. We have started our efficiency and adaptation of the business after having sold large parts of our assets at the end of 2024. This adjustment will affect the results during the first half of 2025 and during the second half of the year we will see more normalized cost levels. If we look at financial information in summary, we can see that we have a turnover that has risen to minus 22.1 million kronor. The larger part can be explained by central administrative costs. And the result for tax in remaining businesses was 28.1 million SEK. And financial costs were 19.5 million SEK. And the realization result for the sale of lottery companies was minus 11 million SEK. In total, it gives a result of almost minus 40 million SEK. And that gives a result of minus 3 euros per share and an equity capital per share of 1.77 euros. After the period started, we unfortuna...