Duni AB (publ) (DUNI) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to the Duny Group Q2 Interim Report 2020. 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, CEO. Please begin your meeting. Yes, hello everyone and welcome to this interim report for Q2 2025. The headline for this quarter is subdued economic situation balanced by targeted measures and acquisitions. So if we move to the agenda and we will go through this today and at the end we will finish off with a Q&A. So moving into the highlights for the quarter. We see weak market and economic conditions pressured the demand and volumes in many markets, but we saw the quarter ended stronger than it began. The recent acquisitions had a positive impact and structural internal actions and measures were taken to adapt to the market conditions. One action is that the sales and marketing organization has been restructured as planned, including integrated sales team in the two respective business areas with a 10% staff reduction. And the expected annual impact of this is approximately 30 million SEK, and this will start from Q4 2025. And last, an improved operational cash flow seen in the quarter, and this is by lower inventory levels versus quarter one this year. If we look a little bit on the market outlook and the market data, it's still a continued weak market, persistent inflation, and a challenging consumer climate, as you know. And as you can see on the left graph below, that in 2025, the consumer confidence went down versus 2024. The forecast when we went in 2025 was the assumption that it was actually going to be stronger. We're not seeing that yet. and on the right side you can see the Germa...