Fagerhult Group AB (FAG) Q1 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.959 So good morning, everyone. Before we start this webcast, 00:00:05.959 -- 00:00:11.547 I would like to take a moment to address Q1 directly, 00:00:11.547 -- 00:00:16.573 because I believe it is important that we are transparent with 00:00:16.573 -- 00:00:22.041 you what happened and where we stand. So the quarter 00:00:22.041 -- 00:00:27.368 came in weaker than we expected, and we take that very seriously. 00:00:27.368 -- 00:00:32.434 The period was affected by a combination of factors. 00:00:32.434 -- 00:00:39.242 Geopolitical uncertainty impacted both directly and indirectly, 00:00:39.242 -- 00:00:45.009 with, for example, extended decision-making timelines in several markets. 00:00:45.009 -- 00:00:50.556 Also, the stronger Swedish krona negatively impacted net sales, 00:00:50.556 -- 00:00:55.582 and the sales mix between our business areas weighed on gross 00:00:55.582 -- 00:00:57.153 margin. 00:00:57.153 -- 00:01:02.961 What does give us confidence is that our order backlog has increased 00:01:02.961 -- 00:01:08.208 compared with the same period last year. Underlying demand for 00:01:08.208 -- 00:01:13.495 our products and solutions remain stable, reflecting continued 00:01:13.495 -- 00:01:17.981 customer need and activity across our key markets. 00:01:17.981 -- 00:01:23.167 At the same time, we see significant differences between segment 00:01:23.167 -- 00:01:25.568 and geographies. 00:01:25.773 -- 00:01:30.804 We have also an ongoing strategic update for the period of 26 to 00:01:30.804 -- 00:01:32.387 29, 00:01:32.387 -- 00:01:37.578 which predated this quarter and was initiated as part of our longer 00:01:37.578 -- 00:01:42.007 term work to strengthen profitability and stability. 00:01:42.007 -- 00:01:43.930 We will communic...