Embellence Group AB (publ) (EMBELL) Q1 2025 Earnings Call

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WEBVTT 00:00:01.381 -- 00:00:06.788 you very much and welcome everybody to ambulance q1 report 00:00:06.788 -- 00:00:11.475 my name is juan onion and i recently started as the ceo for the group and together with 00:00:11.475 -- 00:00:15.420 me today is the group cfo calling lydian 00:00:15.420 -- 00:00:19.346 so let's look then at what we achieved with the business during the first quarter of 00:00:19.346 -- 00:00:24.553 the year it was an overall good quarter despite the fact that we had a negative 00:00:24.553 -- 00:00:29.668 sales growth of six percent driven by the artscape business, which we knew would decline 00:00:29.668 -- 00:00:34.355 in Q1, and which we also flagged for in the last quarterly report. 00:00:34.355 -- 00:00:39.382 In fact, the artscape business declined 21 million Swedish krona versus 00:00:39.382 -- 00:00:44.189 last year, and I will shed some light on two extraordinary one-time effects later on 00:00:44.189 -- 00:00:46.289 as well. 00:00:46.472 -- 00:00:51.840 On the other hand, our two largest wallpaper brands, Borås Tapeto and Kolen Sun, 00:00:51.840 -- 00:00:54.571 both grew for the first time in some time. 00:00:54.571 -- 00:00:59.175 where the new collections were well received by the market. 00:01:00.060 -- 00:01:04.808 What also grew and have done so over the past two years was the manufacturing business, 00:01:04.808 -- 00:01:10.077 which is still having momentum with 39% increase versus a year ago. 00:01:10.077 -- 00:01:14.464 We are seeing other players decrease in the segment, such as the list of Sanderson Group 00:01:14.464 -- 00:01:19.830 in the UK. So it's of course good to see that our business keeps delivering. 00:01:19.934 -- 00:01:25.182 All in all, these efforts have helped deliver the overall sales for the group at 202 00...