Embellence Group AB (publ) (EMBELL) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.543 Welcome to the Imbalance Group Q4 2025 report presentation. 00:00:04.543 -- 00:00:09.175 For the first part of the conference call, the participants will be in listen-only mode. 00:00:09.175 -- 00:00:14.208 During the questions and answers session, participants are able to ask questions by dialing 00:00:14.208 -- 00:00:16.609 pound key. 00:00:35.688 -- 00:00:40.815 The group and together with me today is Karin Lidén, who is the CFO. 00:00:40.815 -- 00:00:44.540 Today we will start to look at the business and what we achieved in the fourth quarter 00:00:44.540 -- 00:00:48.585 of the year. We will then look at the full year performance and how we're doing on our 00:00:48.585 -- 00:00:53.832 strategic focus areas. And since we are a group with strong iconic brands in the interior 00:00:53.832 -- 00:00:57.818 decoration industry, we will also look at some of our recent product launches. 00:00:57.818 -- 00:01:02.641 But first, let's dig into the business and our Q4 numbers. 00:01:03.211 -- 00:01:08.160 Q4 was a stable quarter where we delivered currency-adjusted organic sales growth of 00:01:08.160 -- 00:01:09.783 1%. 00:01:09.783 -- 00:01:14.792 As we also highlighted in our last quarterly call, we continue to face currency headwinds 00:01:14.792 -- 00:01:19.340 mainly from the US dollar and the Great British Pound that negatively impacted our top 00:01:19.340 -- 00:01:24.429 line by 4%. All in all, delivering net sales of 195 million Swedish 00:01:24.429 -- 00:01:28.714 krona, which is down 3% versus past year. 00:01:28.861 -- 00:01:33.592 Worth noticing is the comparison number from past year where Artscape had an extraordinary 00:01:33.592 -- 00:01:38.624 one-time effect where they grew 51%, so the comparison numbers are heavily imp...