Elanders AB (publ) (ELAN_B) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to the Elanders AB conference call. My name is George. I'll be your coordinator of today's event. Please note that this conference is being recorded. And for the duration of the call, your lines will be in the listen only mode. However, you have the opportunity to ask questions towards the end of presentation, and this will be done by pressing star one or your double keypad to answer your question. If you require assistance at any point, please press star 0 and you'll be connected to an operator. I'd now like to turn the call over to your host today, Mr. Magnus Nielsen, to begin today's conference. Please go ahead. Thank you. Yes, welcome, everyone. It's Magnus here. And together with me, Elsa Wilson, our CFO. Okay. I'm going to start with our presentation, and I will now go direct to Slide five and talk about our second quarter. Demand decreased for the majority of our customer segments, which resulted in a negative organic growth of 5%. And if we look at our different regions, it was only Asia that performed better than previous year with an organic growth of 2%. Remaining regions came in lower and with negative growth. Despite the lower sales in the second quarter compared to the first quarter, we managed to improve our adjusted EBITA margin to 5.5% compared to 4.1% in the first quarter. And this was a result of our cost saving measures that we implemented in the first quarter. To meet the soft market, we continue to focus on sales, and we're also taking additional actions on the cost side. And during the quarter, Florian Beek replaced Dan Svenger as CEO for Elanders' largest subsidiary, LGI. If we then go to Slide six and look at our cash flow and cash conversion development, we can show that we continue to deliver very strong cash conversion, ...