Embellence Group AB (publ) (EMBELL) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much and welcome to Ambulance Group's interim report for the first quarter of 2026. My name is Johan Angren and I'm the CEO of the group and together with me today is Karin Lidén who is our CFO. Today we will start by going through the developments in the first quarter and then follow up by sales performance across our brands and our strategic focus areas. Since we are a group of several brands we will then look at some of the brand and product highlights for the quarter and after that Karin will go through the currency effects and cash flow in more detail and then we will end up with a summary. So let's start to look at the business and what we achieved in the first quarter of the year. Q1 was a quarter where we continued to deliver organic growth and execution of our strategic initiatives. We delivered a currency adjusted organic sales growth of 3%. As we also highlighted in our last quarterly call, we continue to face currency headwinds, mainly from the US dollars, but also from the British pound that negatively impact our top line by 4%. All in all, delivering net sales of 201 million Swedish krona, which is down 1% versus past year. Our strategic focus areas of direct-to-consumer sales, internationalization, and the hospitality channels remain unchanged, and they are working well for us. And that's where we're mainly seeing the growth coming from. We have a few brands that continues to deliver well, where Borås Tapeto continues to grow in the quarter. The development is mainly driven by progress within our strategic focus areas, particularly direct-to-consumer and international sales, which is encouraging to see and confirms that we are in the right direction and we have set to deliver results. Both Papelena and Artscape are delivering double-digi...