Duni AB (publ) (DUNI) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the Duny Group Interim Q1 Report 2025 conference call. Throughout the call, all participants will be in a listen-only mode, and afterwards, there will be a question-and-answer session. Please note this call is being recorded. Today, I am pleased to present Robert Dacascog, President and CEO. Please begin your meeting. Yes, hello, hi, everyone, and welcome to the Duny Group Interim Report for Q1 2025. Headline here, growth despite subdued demand and negative currency effects impacted the quarter. And looking into the agenda, we have some highlights and then look into a little bit market status and outlook. We have some new market data that came in last week. And then Q1 summary, business areas in both areas. Will Magnus go through? Jone Peter Reistadler, Looking into our sustainability initiatives and a little bit looking on our strategy ahead and attend financials and the summer and then a Q amp a at the end. Jone Peter Reistadler, Alright, so if we move into the highlights for the quarter, the group achieved growth in the first quarter, despite continued weak demand in the in the European market. Jone Peter Reistadler, The number of visits to restaurants still lower versus 2019 we'll come back to that a bit later in the presentation. Both acquisitions and organic growth contributed to this positive development. And the operating income was impacted by negative evaluation effects due to strengthening of the Swedish krona against the euro. We have currency effects amounted to SEK minus 50 million compared to SEK plus 10 million in first quarter 2024. So there's a difference of 25 million SEK. And that explains the main part of the 30 million difference versus last year in Q1. Even after the acquisition of Poppys in the first quarter, we maintained...